According to an industry note from investment banking firm Piper Jaffray, Apple will most likely continue its trend of October launches, and will wait until then to release the iPhone 5.
(Credit: Josh Miller/CNET)
This later release date is said to be due to a supply issue with Qualcomm's 28-nanometer modem chip, which will enable the new iPhone to be LTE compatible.
"We expect the iPhone 5 to not only include a revolutionary, newly designed body," said the report, "but also support LTE and utilise the Qualcomm 28nm baseband modem."
Yesterday, Reuters reported that Qualcomm cannot meet demands because of "manufacturing constraints" that will bump up operating costs.
The company's CFO, Bill Keitel, told Reuters that demand has surpassed availability so much that the company has "decided to start spending more money to get more supply as soon as possible."
Keitel also noted that this shortage is draining the company of tens of millions of dollars.