iPhone 5 release date rumored to be in May

According to a member of staff at Chinese producer Foxconn, the iPhone 5 is being readied for production ahead of a May launch, reports techblog.weblineindia.

The insider claims that several special models and designs are ready at the place and the Cupertino company is believed to be pondering over which should be the final version.

The rumors also say that the device will sport a 4-inch display that will be prepared by LG.

Previous reports have put forward the idea of a June or fall release date.

In addition, some analysts have speculated that the iPhone 5 could be released in the first quarter of 2012, while others bet on a Oct. 5 2012 launch in to commemoration of Steve Jobs’ death.

What’s your opinion? When will the iPhone 5 be released?