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I read like there would be an interim release - iPhone 4s!! (may be on Sep '11) and the iPhone 5 will be pushed to 2012
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It will most likely be released alongside iOS 5, which ships in the fall so it will ship in October.
I've heard rumours that it could be towards the end of 2012. Fingers crossed
Japan earthquake and fire at foxxcom in China means iPhone 5 will be delayed untill ...September!
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