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Jeffries & Co. analyst Peter Misek issued a research note to clients today in which he claims the next iPhone will be branded the 'iPhone 4S' and will debut in September.



From TUAW:
The iPhone 4S will reportedly be a minor revamp of the iPhone including "minor cosmetic changes, better cameras, A5 dual-core processor, and HSPA+ support."
  Rumor: 'iPhone 4S' to launch in September with T-Mobile and Sprint as added carriers