The smartphone competition for Apple iPhone 5 is getting thicker by the day as T-Mobile announced the launch of its latest 4G phone, the myTouch 4G Slide, which is an HTC product.

Even if Apple iPhone 5 has all the rumored features, it could be losing to HTC myTouch 4G as the latest HTC 'superphone' delivers all the features which are due to come in iPhone 5.

HTC myTouch 4G Slide runs on Android 2.3 or Gingerbread, which is powered by a 1.2GHz dual-core Qualcomm Snapdragon processor. But Apple iPhone 5 is expected to run on iOS 5, which the company launched in WWDC, and is rumored to be powered by an A5 dual-core 1GHz chipset, same as in its iPad 2.

HTC's myTouch 4G Slide packs in an 8 megapixel (MP) camera with dual-LED flash. It was also recently confirmed that Apple has placed an order for 90 percent of its 8MP camera sensors with OmniVision for iPhone 5.

However, while Apple is delaying its iPhone 5, HTC myTouch 4G Slide is here with what is expected in iPhone 5 -- a dual-LED flash. HTC myTouch Slide also offers 1080p video capture with on-device video editing software and the camera offers improved low-light performance and Clear-Shot HDR feature which allows capturing objects in bright light.

The HTC phone sports a 3.7-inch WVGA display with 800x480 screen resolution and comes equipped with a slide-out QWERTY keypad. The 'superphone' also offers voice recognition feature in the form of a Genius Button which takes one shot voice commands, powered by Dragon Dictation from Nuance.

It is rumored that iPhone 5 will also sport voice-recognition features as Apple has reportedly been in negotiations with Nuance Communications.

HTC myTouch 4G Slide weighs about 6.5 ounce and is 0.52-inch thick. Apple is rumored to have plans to launch a thin iPhone 5, which will feature a 3.7-inch curved glass screen that will match myTouch Slide' screen size.

HTC myTouch 4G Slide runs on T-Mobile’s 4G HSPA+ network for mobile broadband capability, while iPhone 5 is rumored to be a 4G phone.

But the competition is getting so tough that T-Mobile has specified myTouch 4G Slide is coming this July for $199.99 with a two-year service contract, while iPhone 5 release is still in limbo. Other rumored features for the iPhone 5 are edge-to-edge display, SIM-less design, 1080p video playback and tear-drop design.

Will HTC's latest myTouch 4G Slide rule the smartphone market? And will Apple iPhone 5 lose to it? Give your comments below.