By Michael Oleaga (staff@latinospost.com) | First Posted: Aug 29, 2012 11:05 AM EDT

Apple's latest iPhone device is scheduled to launch in two weeks and rumors of the phone, from what it has and what it doesn't have is rampant on the Web. For some, they're interested in purchasing the iPhone 5 but perhaps are unsure what certain terms mean.

Latinos Post is here to hopefully help you understand those complicated terms or phrases by breaking down the top rumored features of the iPhone 5.

What has been heavily rumored for the iPhone 5 are the following: 4-inch screen size, 1GB RAM, an eight-megapixel rear-facing camera, a two-megapixel front-facing camera, running on the latest operating system iOS 6, supports 4G LTE, battery capacity of 1140mAh with its life going eight hours for 3G users and 14 hours for 2G users.

Other unconfirmed features include a shorter dock port from 30-pins to nine and no Near Field Communication (NFC).

Some of you might understand these terms, but let's understand them further:

Screen size/Resolution: The iPhone 5's speculated 4-inch screen has been consistent with reports that it will most likely be correct. The resolution of the screen is expected to be 1136x640.  The resolution indicates the number of dots (pixels) per inch (DPI). The higher the DPI, then the higher the resolution, for example, if the reports are correct and the iPhone 5 stands at 1136x640 resolution, then there are 727,040 dots per square inch. This also means the device will be capable of displaying 1136 distinctive dots, or pixels, on each of the 640 lines.

GB/RAM: A GB is known as a gigabyte, and one gigabyte hold up to 1,024 megabytes. The term "byte" is actually an abbreviation for "binary term," and is a unit of storage. A RAM, short for Random Access Memory, is the most common type of computer memory found in devices.

As Wedopedia explained, "For example, a computer with 8MB RAM has approximately 8 million bytes of memory that programs can use."

One megabyte equals to 1,048,576 bytes. This means if the iPhone 5 will have one gigabyte, it will equal to 1,073,741,824 bytes of memory, that'll be a lot of room to store information.

Megapixel: The rear-camera for the iPhone 5 is speculated for eight-megapixels and the front-camera is going for just two. A megapixel means one million pixels. A pixel is short for "picture element" and is a single point in a graphic image. The quality of the pixels varies on the display's resolution.

"The number of bits (binary digit) used in each pixel determines how many color or shades of gray can be displayed," says Webopedia.

iOS 6: An iOS is Apple's own operating system (OS) for mobile devices. The operating system is a software platform that helps other programs within the device run as smoothly as possible. Apple's iOS was originally called the iPhone OS but was renamed in 2010 as the software platform was introduced to other products such as iPod Touch, iPad, and Apple TV. The iOS 6 is Apple's sixth update for its mobile OS. The iOS 6 contains additional programs not seen on other rival OS such as from Android which has the Ice Cream Sandwich and Jelly Bean.

4G LTE: LTE is short for Long Term Evolution and 4G is a wireless communications standard that was developed by the 3rd Generation Partnership Project (3GPP), according to Webopedia. 4G LTE was created to increase the speed of its predecessor 3G by 10 times. The higher the speed, the better streaming of multimedia

Webopedia added, "4G technologies are designed to provide [Internet Protocol (IP)]-based voice, data and multimedia streaming at speeds of at least 100 Mbit per second and up to as fast as 1 GBit per second.

This will obviously mean the 4G will run quicker compared to 3G and 2G.

Battery Capacity/mAh: mAh is short for Milliampere-hour, which indicates how batteries are rated for capacity power. The higher the mAh, then the stronger and healthier the battery of the device. The iPhone 5 is rumored to have 1140mAh, an increase of 10mAh from the iPhone 4S.

Near Field Communication (NFC): The speculation of NFC has been hold and cold. Pictures last week about a slot in the iPhone 5 that would support NFC, but as Latinos Post reported yesterday, that speculation might not be true. NFC is a standards-based short-range wireless connectivity that helps the collaboration of similar devices that are in short-range. According to Webopedia, NFC can be broken down to four categories:

Touch and Go: Applications such as access control or transport/event ticketing, where the user needs only to bring the device storing the ticket or access code close to the reader. Also, for simple data capture applications, such as picking up an Internet URL from a smart label on a poster.

Touch and Confirm: Applications such as mobile payment where the user has to confirm the interaction by entering a password or just accepting the transaction.

Touch and Connect: Linking two NFC-enabled devices to enable peer to peer transfer of data such as downloading music, exchanging images or synchronizing address books.

Touch and Explore: NFC devices may offer more than one possible function. The consumer will be able to explore a device's capabilities to find out which functionalities and services are offered.

The iPhone 5 is expected to launch with preorders on Sept. 12, for AT&T, Sprint, and Verizon Wireless customers. The latest Apple device is expected to cost up to $800 without a standard two-year contract but can go as low as $199 when signing a contract with the three previously mentioned phone carriers.

Credit for the information goes to Webopedia.com.

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