iPhone 5 Said To Be Poised for Summer, Not Fall, Launch

File this one under rumor, but it’s from a source who’s been right about the iPhone before.

Someone at China’s Foxconn the primary component provider of Apple devices says the iPhone 5 is gearing up for production, leading up to what likely would be a summer launch, not fall, as most have been predicting, considering the iPhone 4S didn’t launch until fall 2011. While the Foxconn source didn’t specifically provide 9to5Mac with a timeline for release, the tech site points out that it typically takes five months from the beginning of production to a release date. If production started next month, that would mean the device could go on sale as soon as July. That would put Apple back on track with its usual summer iPhone hardware updates.

The source told the Apple-loving site that while the iPhone is not likely to have a teardrop shape that was rumored prior to the release of the iPhone 4S, it will have a slightly different shape than previous versions. So take all this with a grain of salt, but this source supposedly was the same who pooh-poohed the idea of a full-blown iPhone 5 last year when everyone else was saying it would happen.

What just about everyone truly will be waiting to hear is if the iPhone 5 will be LTE-compatible, which, at this point, seems like a necessity. Verizon Wireless already has said that it will no longer carry any new smartphones that won’t run on its 4G network.

Apple sold a whopping 37.04 million iPhones in the latest quarter, reflecting 128 percent unit growth over the year-ago quarter.

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