Apple fans looking for a major redesign with the iPhone 5 may end up underwhelmed, according to the most recent batch of rumors.

According to Taiwan-based Concord Securities analyst Ming-Chi Kuo, the next iPhone will feature many of the same design considerations as current Apple products. Not only will its design remain unchanged, but the next iPhone will feature the same A5 processor featured in the iPad 2. The next major redesign, Kuo says, won't come until the iPhone 6.

But the iPhone 5 won't be without its upgrades. Apple plans to equip the iPhone 5 with an 8-megapixel rear camera, Kuo claims, as well as the next version of iOS.

Kuo outlined his speculations in a note to clients. He bases his conclusions on conversations with numerous Apple suppliers, he says.

Kuo's sources say that the next iPhone will go into major production starting this September, an assessment that verifies previous speculation that Apple doesn't plan until releasing the iPhone 5 until this fall. Kuo has an unusual degree of accuracy in his reports, making this recent one worth paying attention to.