Rumors are still circulating about the launch of the iPhone 5, but in the meantime, there are new leaked photos showing what seems to an iPhone 4S running on an A5 chip.

MacPost has released a photo of a partial device showing what appears to be an iPhone 4-like design.

Market analyst have speculated that Apple will be launching two new iPhone models in mid-October. Those models are the iPhone 5 targeted, which is targeted at high-end consumers, and the iPhone 4S, a more budget-friendly device aimed at developing markets.

MacPost has reported that the low cost iPhone 4S option will have have cheaper components inside an iPhone 4 body. The iPhone 5 will, however, have a wider, taller, and thinner look with a curved back, according to MacPost.

Apple is also rumored to lanchthe iPhone 5 in coming weeks, and the smartphone could carry both CDMA and GSM radios. This according to MacPost will provide support to all major carrier in U.S. like Sprint, Verizon, AT&T and T-Mobile.

The report also noted that the handset is likely to run on Qualcomm's dual-mode GSM/CDMA Gobi wireless chipset, which will support both CDMA and GSM networks in a single device.

Apple is still yet to confirm any of these rumors.