AppleInsider is reporting that Kaufman Bros. analyst Shaw Wu believes that the next iPhone that Apple will announce will be entitled "iPhone HD," and will be the companies flagship device. He also believes that Apple will discontinue the iPhone 3G as most customers have upgraded to the iPhone 3GS.

The analyst also claims that Apple will unveil a service called "iTunes.com," which will be a cloud-based iTunes streaming service and will most likely be using Lala Media, which Apple bought, for the service.

AppleInsider also reports that they have received information that Apple will also be updating the Mac Pro and MacBook Air, who are both due for an update at the June 7th WWDC keynote from Apple.

While major design changes are not expected for either computer, major processor jumps and hardware improvements should be coming.