Japanese site Kodawarisan claimed yesterday that Apple holding Media Event on 7 th September and there are speculations that iPhone 5 could be launched during that event.

However,Jim Dalrymple of The Loop reveals that he has information from sources that Apple is not holding an event nor launching the next iPhone on September 7th.

Jim Dalyrmple further says that -

“It’s hard to say how that specific date was chosen by the sites that started the rumor, other than it fits into the timeline of previous Apple events,” he wrote. “Typically Apple uses its September event to launch new iPods for the Christmas shopping season, but it is widely expected that the company will use this year’s event to launch a new iPhone.

His claims conflicts the earlier rumor of Apple holding Media event on 7th September and gives no hint as to when Apple will be holding such an event.

Apple normally holds Media event in September to launch new iPod.

We have been hearing conflicting rumors regarding the launch of iPhone 5 where some reports claiming iPhone 5 a bigger upgarde whereas other claims a small upgrade to iPhone 4S.

iPhone 5 will be powered with A5 processor ,8 MP camera and is expected to work on GSM/CDMA network.