iPhone 5 May Have Dual LED Flash
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Apple is rumored to incorporate a dual LED flash in the upcoming iPhone 5, a significant upgrade that will improve the lighting performance in photos taken and will help produce much more evenly lit and exposed photos. Past rumors suggested that Apple will be separating the LED flash from the camera module to help reduce "washout" in photos in the upcoming iPhone 5.
Digitimes - Recent market rumors have indicated that Apple's iPhone 5 is likely to come with a dual-LED flash with Taiwan-based LED packaging firms Everlight Electronics, Edison Opto and Lite-On Technology being pinpointed as potential suppliers. All related companies have denied they are involved in the production of dual-LED flashes.