iPhone 5 Out Next Fall Has a New Look

Go ahead and start saving now, because Apple (NASDAQ:AAPL) is releasing a completely redesigned iPhone in 2012. BGR has learned from a source close to Apple that the iPhone 5 will be released in the fall, around the same time that the company released the iPhone 4S this year.

One reported upgrade regards the materials used to form the outer body of the iPhone. BGR’s source says that the new version will be bridged on the sides by a rubber or plastic material, similar to materials currently used for iPhone protective cases. The material will serve two purposes.

The first is that it will connect the glass iPhone face to a new aluminum back plate. It will also cover a new antenna system that will surround the phone and allow Apple to use the aluminum back plate without having to protect the antenna opening with a large plastic insert. It is expected that the new iPhone will also feature a larger 4 inch display.

The iPhone 4S offered several hardware and software upgrades, but the exterior remained virtually untouched from the previous iPhone 4 model. The iPhone 5 will feature some of the first real appearance upgrades in some time by Apple. CNET points out that the metal back is available to current iPhone users through third parties, but the upgrade would void the iPhone warranty as would many other after-market upgrades.

Here’s how Apple’s iphone competitor stocks are trading in response to the news:

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $14.30, up $0.05, or 0.35%. They have traded in a 52-week range of $12.45 to $70.54. Volume today was 8,391,391 shares versus a 3-month average volume of 22,990,600 shares. The company’s trailing P/E is 3.37, while trailing earnings are $4.25 per share.

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $641.20, up $1.5, or 0.23%. They have traded in a 52-week range of $473.02 to $645.00. Volume today was 1,144,836 shares versus a 3-month average volume of 3,092,630 shares. The company’s trailing P/E is 21.86, while trailing earnings are $29.34 per share.

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $4.75, up $0.01, or 0.21%. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 15,378,250 shares versus a 3-month average volume of 29,044,500 shares. The company’s trailing P/E is 20.21, while trailing earnings are $0.24 per share.

Motorola, Inc. (NYSE:MMI): MMI shares recently traded at $38.76, up $0.01, or 0.03%. They have traded in a 52-week range of $20.77 to $39.20. Volume today was 562,542 shares versus a 3-month average volume of 3,316,650 shares. The company’s trailing earnings are $-0.30 per share.

Motorola, Inc. (NYSE:MSI): MSI shares recently traded at $46.58, down $0.1, or 0.21%. They have traded in a 52-week range of $36.45 to $47.91. Volume today was 519,488 shares versus a 3-month average volume of 2,486,360 shares. The company’s trailing P/E is 12.60, while trailing earnings are $3.70 per share.

To contact the reporter on this story: Ashley Cloninger at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com