Apple has not told anything about the specifications of new iPhone 5, but people are expecting iphone 5 with a: New design, flash support and more color choices.
Apple has sent out numerous invitations to major media outlets with heading "Lets talk iphone" for media event that is scheduled for Oct. 4th.
Apple has launched iPhone 4S instead. checkout the price and specs for Apple iPhone 4S
According to news Al Gore, former Vice President of the United States and current Apple board member stated that new Apple iPhones will be released next month that further backs up the October iPhone 5 release rumors.

According to Apple analyst Ming-Chi Kuo, Apple is set to build and ship more than 30 million of its next-generation iPhone 5 handsets by the end of the year.
So keeping in view all above news and rumors we are expecting iphone 5 to be released on Oct 5th, 2011.
Stay in touch, we will keep you posted regarding all the news and stories about iPhone 5 release.
Tags:iPhone 5