iPhone 5 release date news spark increase in Taiwanese shares

The increase was due to reports from local media stating that the iPhone 5 is set for an August release, Taiwan’s official Central News Agency reported.

Dealers said that an early launch of Apple’s smartphone would bring an increase in shipments and higher profitability for the second half of this year for Taiwan’s contract makers.

An August release date for the iPhone 5 would be ahead of schedule for Apple as the company has long been rumored to be planning an October launch for the handset.