According to the BGR, the iPhone 5 may launch in August, not September that has been reported before, and as we mentioned previously it is expected to be a major update over the existing iPhone 4 with a new design.
If the rumor turns out to be true, Apple could hold an iPhone 5 event in the beginning or middle of August, and it will apparently go on sale in the last week of August.
We don’t have any specifications as yet, but as we reported earlier, Apple are expected to use the new A5 processor that is found in the iPad 2 in the iPhone 5, and it is also supposed to feature a new design with a teardrop style casing, this ties in with what This Is My Next (former Engadget team) reported back in April.
Have a look at our iPhone 4S review and also make sure you read or article on the difference between the iPhone 4 and iPhone 4S.
Source Boy Genius Report