The iPhone 5 should go into production in September Avian Securities said in a note to clients — as reported by “Business Insider” (

This suggests the iPhone won’t be on the market until the end of this year, or even early next year possibly, says the research group. Apple may also be developing a lower price/lower spec iPhone model, says Avian.

“Our conversations also indicate the existence of a lower-spec/lower-priced iPhone in Apple’s roadmap,” the research group told clients. “However, while our contacts have seen the placeholder in the Apple roadmap, they do not yet have insight into specs or production timing. This leads us to believe that any launch is likely a very late 2011 or more likely a 2012 event. As a reminder, Avian has uncovered several data-points in recent months pointing to the existence of a lower-spec/lower-price iPhone. A lower-spec/lower-price iPhone has also been speculated in the press and gadget blogs, though we do not believe consensus currently discounts the existence of such a model.”