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Rejoice! Sources Say iPhone 5 Will Ship in September

Reuters reports production will start this summer
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Reuters is reporting that production of the iPhone 5 will begin in July or August, and Apple will ship it to the public in September, according to “three people with direct knowledge of the company's supply chain.”

Apple has released a new version of the iPhone every June or July since the smartphone first launched in 2007, which means that this year’s shipment will be considerably later than usual. Apple should be releasing a slightly updated version of the iPhone 4 (available in white) sometime this spring. The delayed release could have something to do with the recent disaster in Japan, where some of the iPhone’s key components are manufactured.

Before you get too excited for the next-gen iPhone, though, here’s a bit of a buzzkill: According to Digital Daily, the iPhone 5 will be “basically a better iPhone 4”—a refinement of the current iPhone, not a total overhaul. A source in Apple’s supply chain said that the new iPhone would feature only "slight modifications" from its predecessor, most of which will be "under the hood," like a faster processor and better camera.