There has been growing rumors that Apple's next-generation iPhone 5 would be seen in the hands of consumers in the first week of October.
Apple Inc. will issue press invitations to the iPhone 5 launch Sept. 14 and it will take place in the San Francisco Bay Area on Sept. 21, according to CultofMac. The smartphone will be released in early October with pre-orders starting Sept. 28.
This forecast falls in line with reports of Best Buy passing on the message to its employees that the iPhone 5 could be released in the first week of October.
Speculations are rife that Apple will update the iPhone 4 model to iPhone 4S, which is expected to serve as entry level model along with iPhone 5.
Foxconn Electronics is reportedly producing up to 150,000 handsets of the next -generation iPhone per day in a surprising move as supply chain sources indicate that iPhone 5 shipments are expected to reach up to 6 million by the end of the month and will reach 22 million units by the end of the year.
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Meanwhile, analysts at Jefferies are expecting the iPhone 5 to launch in October on all four major U.S. carriers, and expecting Broadcom to keep the Bluetooth/WiFi socket in that device.
The analysts also believe that Avago Technologies will have several power amps and potentially FBAR filters in the iPhone 5 and, therefore expect it to benefit as a relatively new iPhone supplier in the fourth quarter of 2011 and 2012.
There has been huge expectation for the features of the iPhone 5, which will boast significant hardware and software upgrades.
Take a look at the most-rumored iPhone 5 features:
iOS 5: Apple's newest mobile operating system version iOS 5 was announced at the WWDC 2011 keynote address on June 6. The new OS comes with 200 new features that will include Improved Notifications System, News Stand and iMessage. It will also feature new applications, such as the Reminders app and Newsstand, an application resembling Folders and iBooks.
iCloud: iPhone 5 is expected to feature the new iCloud service in operating iTunes for wireless remote access of music from all computers and mobile devices. The iCloud will also store photos, apps, calendars and documents without storing them onto the phone's memory storage.
Design: Apple products are known for their beautiful design. iPhone 5 is expected to adopt a teardrop design that is supposed to be slimmer and lighter than past iPhone models.
The new smartphone will come with an aluminum plate casing rather than the current glass backing. Rumors suggest a more uniformed design across all of Apple's mobile devices as aluminum may be the consistent material used in the upcoming iPad 3 and iPod lineups as well.
Hardware: Several of Apple's rivals, mainly LG, Motorola and Samsung have already released dual-core processor phones. According to a recent media report from 9to5Mac, Apple gave its developers a dual-core iPhone 4 to allow them to prep for the iPhone 5.

