It’s July and we’ve still got no new iPhone. You know what that means? Rumours. Lots and lots of rumours.

Previously, Apple has announced an iPhone in June every year since 2007, when the first model – the aluminium clad iPhone 2G – was shown. This year, Apple’s Worldwide Developers Conference (WWDC) came and went without a new phone announcement, a change for a company known for using the event to announce new products.

Current rumours are currently suggesting that the next iPhone will be named the iPhone 5, feature an 8 megapixel camera, 1080p video capture (brought to you by iOS 5), use a new design, and will be announced in September, with shipping in time for the 2011 holiday season.

What will happen to the iPhone 4? Another rumour we’ve heard suggests that this model won’t be retired, but will shift the design to a less expensive construction for a market that craves a “cheaper” iPhone.

In the budget end of the mobile market, Apple isn’t competing well, especially with the sheer amount of inexpensive Android handsets making their way to consumers. We’ve seen handsets as low as $99, and some of them are a great value.

Meanwhile, the iPad looks like it could also see an upgrade before the end of the year. The most recent upgrade added a slimmer design, faster processor, and two cameras.

If the rumours are true, Apple could well be doing what it should have done with the iPad 2 update in the first place: make the screen resolution better. The talk right now suggests that the current 1024×768 resolution could be doubled, effectively giving the next iPad a “retina” grade screen much like the iPhone 4.

One thing’s for sure: September couldn’t come sooner.