Reports are popping up claiming the iPhone 5 release date is set within the next two weeks, that is after the September 12 official announcement of the device. The handset is then expected to hit store shelves on the 21st of September, which is on a Friday and a good time for Apple to try to devour the competition.

Here is our roundup of features that were rumored and leaked for the Apple iPhone 5:

iPhone 5 Design

The design of the iPhone 5 has been a topic of many rumors and speculation and nothing concrete is yet known about it. However, this is what we know thus far. The body of the iPhone is expected to be taller and thinner in width; this new design will bring forth a 4-inch display, according to the leaks and rumors.

iPhone 5 Display

The iPhone 5 is expected to have a 4-inch display that is less power hungry. However, it is not known if the screen technology will be 720p or what other features could be forthcoming.

iPhone 5 Mini Dock

The new Apple device could potentially cause some uproar if rumors and leaks turns out to be solid as a rock. There have been many discussions about the iPhone 5 ditching the regular 30-pin dock for a mini dock. Apple may have chosen to take this route so that it can build an iPhone that is thinner than its predecessors.

iPhone 5 A6 Processor

Definitely, the next iPhone will be equipped with a faster processor. However, it is not yet clear if this processor will be dual or quad core. It is likely Apple will go with a dual core A6 processor to preserve battery life. The iPhone 5 might not need a quad core processor since iOS is not power hungry when compared to the likes of Android, or anything similar.

iPhone 5 4G LTE

Apple would be crazy to launch the iPhone 5 without 4G LTE. LTE is quickly being deployed on all the major networks around the world, and if Apple want its next iPhone to be future-proof with the ability to compete long after the iPhone 5 has been released, then 4G LTE needs to be onboard.

iPhone 5 NFC

Not the most-wanted of features, but we think it should be apart of the iPhone 5. NFC is slowly finding its place in the world of wireless technology. There is a chance Apple might ditch NFC until the iPhone 6, seeing as NFC is not yet deployed in many countries around the world. Still, if it really wants the iPhone 5 to ride with Android and Windows Phone 8 smartphones through 2013, all the necessary technologies are needed to be part of the device.