found this on http://bbs.weiphone.com/read-htm-tid-2844989.html, believe it at your own risk, this isn't my information, though the source seems to have had credible links in the past. The iPhone 5 was meant to be announced in September, yet we still haven't heard anything. What the source knows so far: 1. iOS is in the last stages of testing, it's ready for a GM as we speak, but waiting for the iPhone 5 to come out 2. A component in the iPhone 5 has encountered some rather serious quality problems, the source doesn't say which one, but allegedly over 100,000 produced so far have problems. They won't be written off, but instead have the component replaced. Apple's being extra careful given last years fiasco with Antennagate, plus this is the first product announcement post-Jobs, so they are taking it slow. He says we should all be patient, the iPhone 4S is fine. It was planned to be released latest by the 20th, but has been affected by the iPhone 5 problems. The poster also says that his friend warned him not to buy the first batch of iPhone 5s, but the poster says he'll end up first in line, and just go to the Apple Store for repairs or exchanges. Flame me if you wish, but remember that this is 3rd/4th party information. I can't verify its veracity in anyway, just read it on the forum. Thought it might help shed some light while we wait EDIT: so we should expect both an iPhone 4S and an iPhone 5 according to this source.