Theories abound as to what Apple is packing into its next generation smartphone and more importantly, when will it come out.

Some of these theories make sense, but some are completely off the wall.

Couple that with the viral-nature of the Internet, and a complete overload of Apple related coverage globally, it's hard to get a proper grounding of what's fact and what's fiction.

If you get a kick musing over every speculative tidbit that arises about what's next, this article isn't for you.

But if you want to get the most accurate information outside of Cupertino, IBT has wallowed though the disinformation to bring you the most accurate glimpse of what we can reasonably expect in the latest and greatest iPhone 5.

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