Next-Gen iPhone Specs, Launch Date Revealed?

A source closely connected to Apple’s hardware team claims to possess knowledge of the next-generation

 iPhone’s specifications and release date.

The source told iPhone fan blog Apple iPhone Apps that the new iPhone will launch July 17. Many of the provided specifications corroborate with past rumors that the

 device will introduce a digital compass and a video recorder, among other

 features. (The source did not provide a photo; the image to the right is from a past rumor report for the sake of comparison.) Here’s the list:

• 32GB and 16GB storage (up from the current 16GB and 8GB models)
• $199 and $299 price points to be maintained
• 3.2-megapixel camera (up from the current 2-megapixel camera)
• Video-recording and editing capabilities
• Ability to send a picture & video via MMS
• Discontinuation of the metal band surrounding the edge of the device
• OLED screen
• 1.5 times the battery life of the current models
• Double the RAM and processing power
• Built-in FM transmitter
• Apple logo on back will glow
• Rubber-tread backing
• Sleeker design
• Built-in compass
• The camera, GPS, compass and Google map combined will identify photo and inform about photo locations
• Turn-by-turn directions
•