While waiting for the official launch of Apple's latest smart phone, iPhone 6, speculations on the device's features and specifications already circulated on the Internet. Peter Misek, a Jeffries analyst, opened up about the upcoming smart phone rumors that can give the consumers an idea of what to expect with the device.

According to a CNET report, Peter Misek suggests that iPhone 6 will interestingly have a 4.8-inch screen with A7 quad-core processor and a Retina+ IGZO display. The analyst also added that Apple's iPhone 6 could no longer have the home button since there is a possibility of featuring a full gesture control.

Reports said the iPhone 6 has new improved features such as Near Field Communication (NFC), 128GB storage capacity and a selection of six to eight colors. "Based on our checks, likely updates in the next iPhone include a new super HD camera/screen, a better battery and NFC. Possible updates include an IGZO screen for Retina+, 128GB of storage, and coming in six to eight colors," analyst Peter Misek stated on Monday in a research report released.

The latest launch of iPod touch, only available in black and white, introduced a variety of new colors for the device. This additional feature pushes the company to do the same for the next iPhone as well as the upcoming iPads.

Apple could release the iPhone 6 on June 2013. Peter Misek also noted the odds of having a low-cost iPhone launch in 2013 together with the iPad 5, iPad mini 2 and the much anticipated Apple television.

However, it is still early to determine whether Jeffries analyst Peter Misek's speculations about the iPhone 6 are accurate since there may be some specifications that he was not able to point out. Excited iPhone users are now hoping Apple could reveal details on the latest smart phone's design, features and specifications prior the device's official launch.

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