If industry analysts are to be believed, Apple might launch the new version of the very popular iPhone series in June this year. Amongst the top of the chart features for the new iPhone would be a 5 Megapixel camera and perhaps a touch sensitive casing similar to Magic Mouse.

Though Apple has declined either confirming or denying this speculation, there is no denial that the company is under severe pressure to do a better job with the next iPhone (especially the camera) given the stiff competition being offered by Google’s Nexus One.

Though the specs of the next iPhone are being guarded closely, an OLED screen, live video chat and a removable battery rank pretty high on the consumer wish list and I’d be hardly surprised if the next iPhone has some or all of these features.

After all, Apple needs to justify the ‘fastest, most powerful iPhone yet’ tagline.