Next Gen iPhone With RFID Reader?

Rumors are abound that Apple Inc. (NASDAQ: AAPL) made a few prototypes of next gen iPhones that have an RFID reader. Rumors also indicate that the tests were positive and the next gen iPhone will sport an RFID reader.

However, do not get excited yet. It is not a total Near Field Communication (NFC) technology. People in the know say that this starts a new trend where all the smart phone makers will start introducing NFC enabled units. As it is Apple has already submitted for patenting some iPhones which are enabled to read RFID labels. In all probability, these phones may hit the market next year.