The iPhone 5 can be expected at the end of June or beginning of July as it was for the earlier versions, and analysts expect its features will bear some resemblance to the iPad 2. 

Steve Jobs stated that white would be available “on day one” referring to the iPad 2. That is probably true of the white iPhone 5 as well. Some inklings of the iPhone 5's features have started to appear. The Taiwan-based Economic Daily News (written in Chinese) and the Japanese blog Makotakara are abuzz with the latest news related to iPhone 5.

According to CNET, “The gist of the talk is that Apple will be abandoning the glass back for an aluminum one, as well as ditching the external antenna, which has been a source of problems for Apple and forced the company to issue free 'bumper' guards to prevent signal loss when the iPhone 4 was gripped very tightly.”

And according to the Chinese source, the iPhone 5 production is to commence on July 6. The report suggests Apple will drop the infamously problematic steel outer frame with antenna of the iPhone 4, and have an iPad-style internal antenna sending and receiving cellular and Wi-Fi signals through the Apple logo on the back. Also the article in Economic Daily points out that iPhone 5 will feature the A5 processor chip found in the iPad 2 along with new iOS 5 operating system.

Earlier Economic Daily News report said iPhone 5 was expected to have the component suppliers such as Foxconn Electronics, Foxlink, Gold Circuit Electronics (GCE) and Epistar.