Rumours about the newest iPhone 5’s release date, potential specs and features, and price have fuelled reports that Apple is gearing up to launch its next-gen smartphone around summer time.

Release date:

The Verge and others have suggested that Apple will in fact stay traditional and have a September 12th release for the next Apple iPhone.

Japanese Apple blog Macotakara had alleged it had received word from "Asian sources" who claim that Apple will launch the device in September or October 2012 which would fit with last year’s arrival of the iPhone 4S.

Image by T3.com

Apple iPhone 5: Price:

The 16GB iPhone 4S lines up in retailers with a hefty £499 price tag. Prices continue up all the way to £699 for the 64GB edition.

Ahead of the iPhone 4S successor’s announcement, it is believed that the sixth-gen model will simply replace the iPhone 4s in terms of price points and range of models with any 128GB storage option likely to hit the £799 price mark.

via T3