While everyone is excited about the Sprint Evo 4G, Apple has finally decided to enter the arena with its newest creation, iPhone 4G. There are rumors circulating all over the internet about the specs of the future iPhone 4G or what they call it, iPhone HD.

Wall Street Journal reports that Apple is currently developing a new iPhone 4G which will be announced this summer. The most surprising part of the story is that Apple will be releasing the phone via Verizon Wireless and not AT&T.
According to WSJ,
Apple plans to release a new version of its current iPhone this summer, continuing its practice of annual upgrades at about the same time of year, said people briefed on the matter. The model is likely to be thinner and have a faster processor, two people familiar with the device said.
Another wave of rumors also reveals tidbits of information about the specifications of the upcoming iPhone. It includes a bigger 960x640 screen resolution, a front facing camera, multi-tasking support and Apple A4 chip.
Engadget reports that the new iPhone HD will be announced on 22nd June and will be available through Verizon Wireless. If the news is correct, then we will see the next-generation iPhone this summer.
It looks like the time has come when Apple should release a device superior to all, introducing all the features that are not yet released on any smartphone. If these are true then this summer will be one of the best for all the iPhone fans who are eagerly waiting for Apple to make a move and launch the so called iPhone HD.