Geek By Marriage

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Research firm Avian Securities issued a note to clients today that will dash hopes of those that have been keeping their fingers crossed for the iPhone 5 this summer. According to the note based on checks with a key supplier , their analysts believe that the handset will go into production in September, which means it won’t land on store shelves before the end of this year, possibly even Q1 2012, reports Business Insider . Here’s what the note reads:

Supporting out comments over the last month, conversations with yet another key component supplier indicates that production for iPhone-5 will begin in September. This is consistent with Avian findings in the supply chain in recent months and we believe the consensus view is moving towards this scenario. In addition, our conversations also indicate the existence of a lower-spec/lower-priced iPhone in Apple’s roadmap. However, while our contacts have seen the placeholder in the Apple roadmap, they do not yet have insight into specs or production timing. This leads us to believe that any launch is likely a very late 2011 or more likely a 2012 event. As a reminder, Avian has uncovered several data-points in recent months pointing to the existence of a lower-spec/lower-price iPhone. A lower-spec/lower-price iPhone has also been speculated in the press and gadget blogs, though we do not believe consensus currently discounts the existence of such a model.