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No LTE iPhone Until 2012?

In Apple’s quaretly earnings call Wednesday, Tim Cook, Apple’s Chief Operating Officer said that today’s 4G LTE chips do not meed Apple’s needs.
“The first generation of LTE chip-sets force a lot of design compromises with the handset, and some of those we are just not willing to make,” Cook says. Separately, Cook declined to talk about the timeline for introducing a new iPhone. “We never comment on unannounced products,” Cook said.
This serves a huge blow to those who were hoping for an LTE iPhone 5 launching in September. However, the next iPhone could still support AT&T’s HSPA+ network, which they claim as "4G."
The only 4G LTE handset on the market in the United States is Verizon’s Thunderbolt, which relies on a pair of chips to work with the network. One chip is for LTE 4G, while the other is for EVDO 3G.
The solution is a new generation of chips that combine support for 4G and 3G on one single chip, allowing handset makers to improve efficiency of devices. As a result, we most likely won’t see a LTE iPhone until the efficiency of LTE chips are improved.
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