A Chinese iPhone forum member is reportedly in possession of the upcoming iPhone. Some of the rumored specifications are certainly believable but don’t take any of these seriously until Apple has made its official announcement.

The processor is rumored to be getting a speed bump from 400Mhz to 600Mhz. RAM will be doubled from 128MB to 256MB. Built-in storage will increase, possibly to 32GB. The camera will sport 3.2 megapixels (I was expecting a bigger jump in this department). And word has it, that the upcoming iPhone will feature a digital compass and also FM radio.

I very much doubt that Apple would wholeheartedly integrate FM radio capability into their upcoming iPhone. They’ve been churning out iPods for years now and not one model has a FM radio feature, but who knows? Maybe somebody bonked the heads of the Apple R&D guys.

It has also been mentioned that the phone will be aesthetically the same to the 1st and 2nd generation iPhones. In my opinion, they should start varying the look a bit, this is already the 3rd generation for goodness sake! If Apple can do it with their iPods, why not the iPhone?

Shown below is a table comparing the rumored specifications of the upcoming iPhone to the current iPhone 3G:

[via MobileCrunch and The iPhone Blog]