We're not certain why anyone treats the inevitable arrival of a second-
gen iPhone sometime next year as earth-shattering news, but Goldman
Sachs released a note to clients yesterday saying that the rumored 3G
version is in its "final design phase." The investment firm's David
Bailey says he got the info from the usual assortment of moderately-
reliable Asian component suppliers, and that he expects the new model
to have "similar form factor" with a "different look." Rounding out
his list of obvious predictions, Bailey also said the existing model
will get a capacity bump sometime next year as well, which makes sense
given the proliferation of 32GB flash devices we've seen pop up lately.

See More: 32G 3G iPhone?