With the iPhone doing great and conquering a major chunk of the smartphone market share, it is great to imagine the probable forms which the Apple iPhone may take in the future. One of those probable designs is the iPhone Omega Concept Phone created by Ray Leal for the ilounge iPhone concept contest. This interesting option comes with 16, 32 and 64GB of memory and a 5MP camera and chooses a wide range of colors ranging from metallic red to gray and black. There are also iCam and iChat features alongwith a pretty interesting Cover Flow Contacts feature. The regular specs include GPS, push email, file storage support and Adobe Flash support.