Apple is only working on one new iPhone model, and a fairly incremental one, argues Wedge Partners analyst Brian Blair. "We expect the focus of the new iPhone will be iOS 5, a speedier A5 processor and a higher resolution 8 MP camera with a small possibility of a larger 4 inch screen," he writes in a new memo. "We believe the casing will be largely similar to the iPhone with some particular modifications to the antennae. We donít expect a second, dramatically different iPhone to accompany this as we donít think Apple needs to have 3 models in the market to address
