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A second investment research firm on Monday cited sources in Taiwan as indicating that Apple's fifth-generation iPhone will hit the market early in the third quarter and also did its part to pour cold water on rumors of an iPad 3 launch prior to next year and a low-cost iPhone in 2011.



From Apple Insider:
Pointing to "recent Apple supply chain checks," FBR Capital Markets analyst Craig Berger said production of the company's fifth-generation iPhone has come into view for component suppliers "like Broadcom, Qualcomm, and Omnivision," each of which are indicating "a late September or early October" manufacturing ramp for the handset.

In a note to clients on the matter, Berger identified the new iPhone as going by the code name "N94" and indicated that his sources have referred to the device under the presumed marketing name "iPhone 4S," which would suggest the handset will arrive as an evolutionary upgrade to the existing iPhone 4 rather than a radical redesign like the ones that took place during the transition from the original iPhone to the iPhone 3G and from the iPhone 3GS to the iPhone 4.
  Apple supply chain points to "iPhone 4S" in Sept., iPad 3 prototype in early 2012