Analysts from Deutsche Bank have confirmed there will be an iPhone 5 and maybe a smaller/cheaper prepaid iPhone 4S starting productions in August to be ready for Fall. There is proof that new units are being produced and older units production is being limited.
“With Nokia and RIMM struggling,” the analyst writes, “the time is right for Apple to aggressively penetrate the mid range smart-phone market (i.e. $300-500 category) to dramatically expand its [total addressable market] and market share.”
This is typically later than usual for an iPhone to be released but it is probably being timed to come out with iOS 5. Rumors have been that the new iPhone 5 will boast a larger screen and 8 MP camera. Check out the link below to read more.