According to @chronic from the Chronic Dev Team, iOS 4.3 reveals that the new iPhone 5 will have the same A5 dual-core processor the new iPad 2 is sporting. References to a device with the model number N94AP were found deep inside the code, and supposedly this is the identifier for the new iPhone 5. A prying look into the kernel shows the model number S5L8940, which is the same label as the iPad 2’s A5 processor.

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This is certainly exciting news for the future iPhone, but also serves to bring up more questions. Will the iPhone 5 finally get a physical upgrade? Maybe a bigger screen, or a different housing? I guess we’ll have to wait until April to find out.

via iPhone Download Blog