Apple.pro has posted a new image of what they claim to be next-generation iPhone camera parts. As you can see in the picture, the camera parts on the iPhone 5 do not include an attached flash like on the iPhone 4. The flash would likely be on the right side of the device, while the camera is on the left.
It's not clear why Apple would move to a design like this, but it's likely due to the reported flash issues the company was experiencing when producing the just released white iPhone 4.
Photoshop mockup of next iPhone with separated camera and flash
