Market Overview

Apple to Ship iPhone 5 in September (AAPL)

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Apple's (NASDAQ: AAPL) fifth iteration of the iPhone, the iPhone 5, is expected to ship in September, sources with direct knowledge of the matter said.

Apple's wildly popular phone is typically released with a new version in June, but supply chain issues and a new release schedule have been attributed to the September date.

Three people with direct knowledge of the company's supply chain withheld their names for professional considerations.

The iPhone 5 isn't expected to deviate in design and outward appearance, but upgrades in cameras and "under-the-hood" gear are commonly expected.

Shares of Apple are higher by more than 1.4%, or $4.93, in Wednesday pre-market trade, to $342.79.

Posted-In: iPhone 5 ReutersNews Retail Sales Global Pre-Market Outlook Tech

 

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