According to a report from The China Times, the iPhone 5 will launch in the second week of September (6-15), with an initial order of 4 million units. Components suppliers are said to be currently preparing 400,000 trial run units which will be shipped by this week.
The report also suggests that the next iPad 3 release will be delayed until Thanksgiving due to component issues. The first shipments will substantially pulled, the appeal of "quality without additional price "approach swept flat-panel market.
A mid September launch lines up nicely with reports from Reuters regarding a September launch and an earlier report saying right after Labor day (Sept 5th). Apple has held an iPod media event in September for the past 3 years. With no iPhone release during this year's WWDC, Apple is expected to include the iPhone launch at this September event alongside the public release of iOS 5.
If a September launch were to be the case, we assume the iPhone 5 would be announced at Apple's annual music event in September. Obviously, iOS 5 would accompany it.
[Source: The China Times]