Reuters have confirmed that the iPhone 5 will be released in September and will be announced and shown to the world in July.
No other details were revealed but one of the sources said that the new smartphone will have a faster processor but will look largely similar to the current iPhone 4.

Major newspapers have been seeing major ad declines in the past several years, but now Reuters is hoping that the time is right to sell a new product designed to enhance understaffed business sections. The news wire plans to unveil its Reuters Financial Infographics initiative, which provides automated delivery of customizable, print-ready financial data layouts to U.S. papers.
The new product will be available as an addition to Reuters main news offering at an attractive price. Interested publishers can get a free trail until March 31st.