[...] Based on everything we've seen, and the analysis on the previous pages, it seems likely that the next iPhone will feature a dual-core Cortex A9 SoC built on Samsung's 32nm LP (HK+MG) process, with a PowerVR SGX 543MP2 driving a larger 4-inch display. Battery capacity will see a slight bump, but battery life itself should be measurably better compared to the iPhone 4S thanks to a move to 28/32nm silicon for the baseband and apps processor. LTE and TD-SCDMA support will likely be driven by a Qualcomm MDM9x15. Evolutionary improvements in the WiFi stack are a reasonable expectation, however NFC support isn't. There are still questions about final details (e.g. camera sensors) but a lot of what Apple has been doing with the iPhone closely follows an aggressive 2-year design and silicon cadence. It's the relentless competition and hyper Moore's Law curve in the smartphone space that drive Apple's development cycle here. I don't expect much change here for the next couple of years at least.
Despite the annual release schedule and a 2-year cadence for most silicon elements, Apple also appears to remain relatively conservative in how it adopts new technologies. Process nodes, new chip architectures, and new wireless standards are all evaluated with a fairly conservative eye. Apple's iPhone business is a well oiled machine at this point, any unnecessary risks are consistently avoided.