If you are mulling the idea of jumping on the iPhone bandwagon, you might want to hold off. Rumor has it that Apple will soon release several snazzy new upgrades. A number of prominent tech bloggers are sharing speculation that Apple’s new and faster 3G iPhone will be unveiled in June.

As with almost anything Apple, the rumors have brought tech bloggers to a fever pitch. The device is thought to run faster and hold more data at comparable prices. Newer reports suggest that the iPhone will also integrate Nike training software, Bluetooth stereo headphones, GPS support, and more.