iphone 4 getty iPhone 5 to be released on August 7   reportGadget blog Know Your Mobile is reporting that a “reliable industry source” who wishes to remain anonymous has told them that the highly-anticipated iPhone 5 will be launched during a keynote speech on Aug. 7.

There are no other details regarding the product specs, the design or the availability. Rumors are floating around that it will feature a larger Retina display and a next-generation processor setup. There are also rumors that the aesthetics will differ significantly from the previous versions of the iPhone.

The new iPhone will also debut the next version of Apple’s iOS operating system, iOS 6, which is expected to be on par with Microsoft’s Windows Phone 8 and Google’s Android 4.1 Jelly Bean.

Posted by:Andrea Reiher

TV critic by way of law school, Andrea Reiher enjoys everything from highbrow drama to clever comedy to the best reality TV has to offer. Her TV heroes include CJ Cregg, Spencer Hastings, Diane Lockhart, Juliet O'Hara and Buffy Summers. TV words to live by: "I'm a slayer, ask me how."