04/18/2011 03:45 pm ET | Updated Jun 18, 2011

iPhone 5 Rumors Suggest New Phone Could Launch In Late 2011, Early 2012

New rumors again point to a possible 2011 release date for the iPhone 5, the next generation of Apple's popular smartphone.

This latest buzz comes from Concord Securities analyst Ming-Chi Kuo's "supply chain sources," reported by Apple Insider.

According to the analyst's note, Apple will begin trial production of the iPhone 5 in August, with mass production scheduled for September.

A similar report, which surfaced earlier this month, pointed to a similar production schedule and to a release date in late 2011 or early 2012.

The Concord Securities data also indicates that the iPhone 5 will feature a design similar to the iPhone 4, though a hardware upgrade is likely for the new device.

Kuo wrote that the iPhone 5 will come in GSM and CDMA flavors, both of which will be built around a dual-core A5 processor and will sport an 8-megapixel rear camera. Kuo also writes that the new device will run an all-new operating system, iOS 5.

If you were hoping for bigger changes, Kuo's sources say to hold your breath for the iPhone 6.

Apple has implied that its Worldwide Developers Conference in June will focus on hardware, leading many to believe that a new iPhone would be MIA at this year's event. But Kuo's intel suggests that Apple will reveal the new device at the WWDC.

Ready for more iPhone 5 speculation? Read on for our handy guide to iPhone 5 rumors so far.

When do you think we'll see the iPhone 5? Submit your predictions (below) and share your thoughts in the comments.