Apple Plans September iPhone 5 Launch, New iPad, and Third World Budget iPhone

From DailyTech: The pace of Apple Inc.'s (AAPL) iPhone launches has slowed, as June is expected to come and go with no new iPhone. Though Apple fans have the new white iPhone and a new U.S. carrier -- Verizon Communications, Inc. (VZ) -- to comfort themselves with, analysts still pointed to the lack a new model as a major issue affecting the company's stock.

Still, the fifth generation iPhone (which some say will actually be named the iPhone 4GS, rather than the iPhone 5), codenamed "Telluride", will launch within three months according to Bloomberg.

The September iPhone will bring with it a new dual-core CPU, the same Apple A5 processor found in the iPad 2 (though it may be underclocked to conserve battery life). Bloomberg contradicts previous reports saying its sources close to Apple are saying that their will be a 8 megapixel image sensor for the rear camera (previous reports suggested the phone would retain its 5 MP sensor).

The sources at Apple suggest that the phone will look a lot like the current iPhone.

Framington, Mass.-based research firm IDC says that despite introducing new models every year, Apple is having trouble keeping up with Google Inc.'s (GOOG) Android operating system and wealth of hardware partners. It estimates that Apple will hold an 18.5 percent market share at the end of 2011, while Google will have 38.9 percent of the market -- over twice as much.

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