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iPhone 5 likely to be rolled in August

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The much-awaited iPhone 5 is likely to be launched in August, according to industry reports. 

A recent market buzz reveals that the new iPhone will launch in the third quarter of calender year 2011. This means that the device could be unveiled anytime between now and the end of September. 

Earlier this month, it was said that Apple placed orders for 15 million iPhones from manufacturer Pegatron.