The speculations and rumors regarding the next flagship smartphone by Apple – iPhone 5 -- is reaching new highs, as the the second half of 2012 is getting closer. The rumored launch date of the much hyped phone is just months away, hence million of the tech gossipers in the world are coming with tonnes of rumors.

The latest one has come from the guys at iLounge, they have mentioned in their report that iPhone 5 will shrink its dock connector to just 8 pins and also it will receive a new name altogether. Earlier, reports were rife that iPhone 5 will have a 19 pin dock connector instead of the traditional 30 pin dock connector port.

"Although the original Dock Connector contained 30 pins, reports of 16- or 19-pin connectors seemed hard to square with the port's small size and Apple's actual need for additional pins beyond what USB/Micro-USB offer," said the report.

"One source claims that the new connector will feature other design innovations, potentially including the ability to be connected to docks and cables in either orientation (like MagSafe), but the other source could not confirm this or additional changes we've heard about," the report added.

In addition to the 8 pin Dock Connector information, iLounge report has also claimed that iOS 6 will let the iOS devices to connect to one another via Bluetooth 4.

“ The feature would enable, say, a future iPod nano to display iMessages received by an iPhone, record voice memos that could be shared via the iPhone, and even initiate phone calls through its own headphones. It could also conceivably let you make iPhone calls from your iPad (or possibly even recent Macs), assuming the iPhone was paired with the computer over Bluetooth,” revealed the report.

The capability of the iPod Nano would be sweet as it makes the music player a useful iWatch, which can send and receive text messages and make phone calls.

Adding on to the same iDownloadBlog further suggested that "since Bluetooth 4.0 consumes very little power and takes only six milliseconds to pair versus six seconds for the current Bluetooth implementations, it's well-suited for really small portable devices that have small batteries and need to be extreme aggressive in power management."

Considering the other ongoing rumors, iPhone 5 is expected to include a revolutionary processor, a larger 4-inch Retina display, 4G LTE technology, Near Field Communication (NFC), 1GB RAM, iOS 6, improved Siri, liquidmetal casing, an 8 megapixel (or even higher) rear camera, a 2 megapixel front-facing camera for video chatting and a much-improved battery life.

Let us know your thoughts, in the comment section below. Will Apple's iPhone 5 come with a 8 pin dock connector?

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