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Posted: 04/23/12 12:19 PM ET  |  Updated: 04/23/12 12:38 PM ET

This Week In Apple Rumors: The iPhone 5 Is Going To Rock Your World

Every week the numerous blogs covering the machinations of the Apple empire float unconfirmed rumors, blatant speculation and questionably-sourced reports on what the company might be unveiling in the near or distant future. Let's take a look back at what the Apple blogs were excited about during the week of April 16 - April 22. Check out our last edition of Apple rumors here, and for all the latest follow me on Twitter right here.

Analyst: iPhone 5 Will Be 'Mother Of All Upgrades'
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A lot of folks are expecting big things from the next iPhone, and this edition of This Week In Apple Rumors will do nothing to minimize your already too-high expectations.

Put on your crazy pants: It's time to listen to some Wall Street analyst predictions for the iPhone 5!

Let's start with Gene Munster of Piper Jaffray, a noted Apple fanboy/analyst ("fanalyst") who sees the stock hitting $1000 at some point, said in an interview on Bloomberg will be "the mother of all upgrades." That's right: The next iPhone is literally going to birth out of its headphone jack, from the sheer force of its improvements, every other upgrade to anything ever.

Munster predicts a new form factor for the iPhone, the addition of 4G LTE, and "lines around shopping malls" when it comes out in October. Prepare for boom time this fall, Orange Julius employees!

(Did we mention that Munster -- the guy saying all of this stuff about how amazing the next iPhone is going to be -- is a Wall Street analyst who has said that Apple's stock will rise almost $400? Because that seems like an important footnote to his prediction).

For more iPhone chatter (oh, is there ever more!), let us now turn to Terminator 2: Judgment Day.
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