According to Reuters news Apple has been in the testing phase of the iPhone5 platform, and Reuters has secured a source in China (most likely someone at Foxconn) that the newest iPhone will go in production in the Fall, gearing up for a Christmas season release. We are still unsure if the rumor of the steel backed iPhone5 prototype that was leaked before will come true or if it will have the glass backing like the iPhone 4.

This information by Reuters

The new smartphone will have a faster processor but will look largely similar to the current iPhone 4, one of the people said. They declined to be identified because the plans were not yet public.

Suppliers to the current generation included camera module maker Largan Precision Co Ltd, touchscreen panel maker Wintek Corp and case maker Foxconn Technology Co Ltd, two of the people said.

The companies would begin production either in July or August before shipping components to Hon Hai Precision Industry Co Ltd, flagship of Foxconn Technology Group, for assembly, they said.

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