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iPhone 5 production will start from July or August and shipping from September according to the reports from Reuters.

Apple Inc suppliers will begin production of its next-generation iPhone in July this year, with the finished product likely to begin shipping in September, three people familiar with the matter said on Wednesday.

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.

Early reports claimed production starting from third quarter.

There were other speculations that since WWDC 2011 is all about software Apple might host a media event to which will be hosted by Steve Jobs himself to launch iPhone 5.

We already know that fifth generation iPhone will have A5 processor, will be similar to iPhone4
,Aluminium case,larger screen with edge to edge display.

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