Apple iPhone 5 Not In Production Yet Source Says; Release Date Still Rumored For Fall 2012

Apple hasn't announced the design of iPhone 5 yet.There are a lot of suggestions about the design of iPhone 5.Recently several reports have surfaced indicating that Apple's next-generation device, dubbed the iPhone 5, is already in production.  However, according to BGR, this may have been just another bit of faulty hearsay in the ever-churning iPhone 5 rumor mill.It's certainly possible that producing engineering samples of new iPhones and has started manufacturing device enclosures to iron out any problems with the manufacturing line before real production starts, but that's all that is happening at this point in time," writes Jonathan S. Geller of the publication.
Production of the version that users will be able to purchase in stores has not started yet, according to BGR. The website has also received confirmation from a source concerning some of the new product's hardware specs. The units that Apple is currently testing feature 1 GB of RAM, which is double the memory of the iPhone 4S which has 512MB. Integrated LTE radios and Near Field Communication (NFC) hardware are also included in the models Apple is testing.
A recent rumor that sparked from KnowYourMobile, which claimed to have a source in Asia, revealed an Aug. 7 release date. However, BGR expects the next-generation iPhone to launch at the end of September or early October. This would be a full year after the iPhone 4S was released, and does line up with some rumors that have circulated over the past couple of months. The source from KnowYourMobile also indicated that a keynote speech will announce the new phone. An August announcement could make sense with a fall release date, but until Apple confirms this information it can only be considered rumor.
Strengthening this speculation is the roll out of Apple's next operating system, iOS 6, which launches in the fall. This is likely to debut at the same time as the new iPhone. As MotoringCrunch acknowledges, previous iPhone models have also been accompanied by operating system overhauls.
An e-commerce website in China has already begun accepting preorders for the iPhone 5, with a product page featuring tech specs and mock-up images. As previously stated, features and hardware specs have yet to be confirmed by Apple, but here's a list of what Apple fans are hoping to see in the next-gen device, courtesy of Computerworld:

A 4-inch display

An improved quad-core processor, likely manufactured using 32nm process tech

Improved graphics and a better camera

A new Dock connection, likely to be Thunderbolt or mini-USB

Tougher glass

A thinner chassis

International support for those 4G/LTE networks which exist

Much-improved iCloud integration

iOS 6: Many improvements in Siri

iOS 6: Apple Maps

iOS 6: Passbook, potentially though not necessarily featuring NFC payment support

iOS 6: Facebook and Twitter integration The Wall Street Journal also recently reported that the iPhone 5 will have a thinner screen than its predecessors, and will incorporate technology that includes touch screen in the LCD screen. This makes the separate touch-screen layer unnecessary.