According to reports, Apple will begin production of the iPhone 5 in July or August of 2011 with a ship date sometime in September. The iPhone 5 is said to look much like the iPhone 4, which is expected to be refreshed sometime this year.

Many Taiwanese suppliers would benefit from this news. “For some suppliers, Apple is their cash cow, or their bread and butter,” said Vincent Chen, an analyst at Yuanta Securities. “With all these versions being launched so frequently, it will be the so-called low-margin suppliers, such as those that assemble the phones, who will benefit the most.”

Source: Reuters {link no longer active}