Forbes is claiming that the next iPhone will be dubbed the iPhone 4S and not the iPhone 5. The source is Jefferies analyst Peter Misek claiming that “industry checks” led him to the conclusion.

Misek claims the following component updates on the iPhone 4S:

“minor cosmetic changes, better cameras, A5 dual-core processor, and HSPA+ support.”

According to the report, Apple wanted the iPhone to support 4G networks such as Verizon’s LTE network, but the Qualcomm chipset “is currently not achieving yields sufficient for inclusion in the iPhone 5.”

Misek also claims that the iPhone 4S will be available on T-Mobile and Sprint in time for the holidays and that China Mobile could be added in the next 12 months.

We’ve heard mixed reports claiming the next iPhone may or may not receive a complete redesign with most saying that there won’t be, while some claim there will be two different models altogether. A fall release is also rumored due to this years WWDC 2011 being focused on software only. 4G technology is also being accepted as a no-show. With Apple’s recent patent win on the iPhone 4 design, perhaps they may try to push another year out of it like the original iPhone 3G being upgraded to the iPhone 3GS. Then again, does Apple want to relive to “antennagate” all over again? We’ll see shortly and again this is merely speculation with no real hard evidence so try to keep an open mind.

(via Forbes)