iPhone 5 with 4-inch display, metal chassis may launch in Q3

A report on Tuesday from Chinese financial paper China Times suggests that Apple's next-generation smartphone has entered trial production and is scheduled for a third-quarter launch. Apple released the iPhone 4 late in the second quarter of 2010, however some speculate Apple may push its iPhone 5 launch back to July or even later in an effort to place more space between its release and the launch of Verizon Wireless' iPhone 4, which became available this past February.