Reuters reported today that the next iPhone will be shipping in September.
The Reuters report said: "Apple's next-generation iPhone will have a faster processor and will begin shipping in September, three people with direct knowledge of the company's supply chain said."
Production will begin in July or August and the smartphone will look largely similar to the iPhone 4, according to one source in the Reuters story.
The iPhone is expected to use the A5 chip found in the iPad 2. It is also a safe bet that there will be improvements to the existing camera used.
Others rumours suggest that a dual GSM/CDMA chip might find its way into the new iPhone, allowing Apple to merge its product line and thus simplify production and inventory management.