Apple is apparently revving up production of the iPhone with a new study suggesting the company may make 22 million iPhones during the upcoming fourth quarter – as speculation arises what new iPhones will look like.
In addition, CNET reported that Rodman & Renshaw analyst Ashok Kumar told investors the next iPhone version could represent close to 25 percent of iPhone sales volume during the fourth quarter.
The new, fifth version is expected to launch in October, according to media reports. The iPhone 4 will make up the rest of the iPhone sales.
There have been conflicting news reports whether the iPhone 5 will feature extensive changes from the fourth version, CNET said.
Apple (News - Alert) may introduce both an upgraded iPhone 5 and a less expensive iPhone 4, CNET adds.
Kumar predicts the new iPhone will be an “upgrade” but “not a complete redesign,” CNET said. In addition, he predicts the iPhone 4 would be less expensive. A redesigned iPhone could then be launched during 2012, Kumar adds. The “cheaper” iPhone 4, if it appears, may have just 8 GB of memory instead of the 16 and 32 GB versions, according to Gigaom.
As the rumors that the iPhone 5 is coming to Sprint begin to crystalize, rumors still persist that an updated iPad 3 is set to be co-released with the iPhone 5 as well. Read how Sprint’s recent email promo for the HTC Evo View disproves this iPad 3 rumor.

Sprint has been the iPhone 5 rumor mill’s darling.
Over the past year or so, the U.S.’s third-largest mobile carrier has let off just enough revealing information to slowly yet steadily establish that Apple would be bringing them on board to sell the iPhone 5. From the humble beginnings of Sprint’s CEO saying of the iPhone: “We’d love to have it,” to anecdotal reports about a month ago confirming that Sprint reps were leaking confirmations of a Sprint iPhone 5, to the freshest reports that Sprint management is specifically instructing its reps not to mention the iPhone 5, all point to the fact that Sprint will indeed join the iPhone ranks this month or next.