iPhone5 is set to be launched on Summer 2012

iPhone5 is rumored to be launched on Summer 2012 according to report.

9to5Mac reported this week that Chinese manufacturing company Foxconn has begun ramping up for production on the iPhone 5, with a possible target release date of this summer.

Apple is coming off of a stellar October-December quarter. During the 14-week period, the Cupertino, California-based company posted a net profit of $13.06 billion on revenues of $46.33 billion, both of which were record figures. Apple sold 37.04 million iPhones during its 2011 holiday quarter, while iPad sales came in at 15.43 million and Mac sales stood at 5.2 million.

source:gamespot

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