AppleInsider is reporting that they have received information claiming that iPhone OS 4.0, which will be scheduled for release later this year, will support multitasking, the ability to run multiple applications at the same time. The report does not note how it will be implemented or what will support it, but it does say that will use Mac OS X technologies to accomplish multitasking on the iPhone.

People with a proven track record in predicting Apple's technological advances tell AppleInsider that the Cupertino-based company has developed a "full-on solution" to multitasking on the iPhone OS but offered no specifics on how the technology would optimize resource conservation and battery life -- two of the most critical issues surrounding the matter, alongside security.

From a user-facing perspective, Apple plans to deliver a multi-tasking manager that leverages interface technology already bundled with its Mac OS X operating system, according to those same people. It was requested that specifics be withheld at this time, as the iPhone Software 4.0 remains under development and reportedly has a quite 'way to go' before it's ready for prime time.

Apple introduced Push Notifications in iPhone OS 3.0, which Apple says is much better than multitasking because it does not waste battery life. The company has been rumored to be introducing multitasking in the iPhone OS for many months now.