The prices of the iPhone 4 and the iPhone 3GS have been slashed by both Radio Shack and Target, signaling that an iPhone 5 launch is imminent, consistent with the September launch rumors.

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Apple has supposedly placed an order for 15 million iPhone 5 units with Pegatron. It will likely launch the iPhone 5 in September 2011.

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Here’s another iPhone rumor: the iPhone 5, which is expected to launch in September, may sport a dual LED flash. It is also expected to have a better 8 MP camera, a larger display and a faster processor.

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According to a new rumor, the Apple iPhone 5 will have an 8 MP camera and will be powered by the Apple A5 chip. Production will begin in September, with the launch expected before the end of 2011.

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Apple may be planning to launch the iPhone 5 by the end of 2011. Reports suggest that production might be delayed to September. It may also be working on a lower priced iPhone.

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iPhone 5

WWDC is still a couple of months away, but the Internet is already abuzz with rumors regarding the iPhone 5 and the next version of iOS. Rumors suggest that the iPhone 5 launch may be pushed back to Fall, this year. However, I doubt this is going to happen. Instead, this year at WWDC the iPhone 5 will take a backseat, and let iOS and OS X Lion grab the spotlight.

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The white iPhone 4 will finally be available to the consumers from Spring 2011.

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Apple CEO Steve Jobs is taking a medical leave of absence to focus on his health. In his absence, the day to day working of Apple will be handled by Tim Cook, the COO of Apple.

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