According to Rose, the extremely compact device will work with both CDMA and GSM networks, making it compatible with all of the most popular wireless carriers, such as Verizon, Sprint, Cingular and T-Mobile.
Apple is also doing "some unique things" with the device, he said, like building in two separate batteries -- one for the music player portion and the other for the actual phone.
Rose, who has provided accurate information on Apple products in the past, added that Apple is likely to introduce two models of the phone: a $249 4GB model and a $449 8GB model.
It should be noted that his past predictions on Apple products have come within hours, not months, of the formal introduction for those products.
Still, Rose appeared high in his convictions, even adding that a touch-screen may also be in the cards for the face of the device.
A copy of this week's Diggnation podcast is available here.