iPhone 5 release date teased as iPhone 4 stocks dwindle

Update: O2 speaks out on iPhone stock levels

Telefonica, which owns mobile network operator O2, will dramatically cut its Apple iPhone 4 stock. Could they be making room for Apple's highly anticipated iPhone 5?

O2’s parent company Telefonica is to reduce stock of the current iPhone 4 ahead of an expected Apple iPhone 5 release date on September 12th, new reports have suggested.

Contrary to reports earlier today that iPhone 5 pre-orders are to begin on September 30th ahead of an early October release date, latest reports from the increasingly erratic Apple iPhone 5 rumour mill have claimed Apple will launch the much mooted handset in less than a month’s time.

Stating that the move will “prepare us for the launch of a new smartphone” on September 12th, Telefonica is expected to begin recalling and scaling back stocks of current Apple handsets as attention turns to the iPhone 5.

With reportedly leaked Apple iPhone 5 pictures suggesting the handset will launch with a refresh form factor the eagerly awaited handset is also expected to land with a 1GHz dual-core processor and an 8-megapixel camera with 1080p Full HD video recording capabilities.

Update: O2 has since refuted claims it is cutting iPhone stocks ahead of an iPhone 5 arrival stating it is merely updating how it presents the current iPhone 4 in store.

Speaking with T3 a spokesperson for the smartphone retailer said: We are updating the way we display some of our products in store. We do this on a regular basis for all our products to make sure our stores continue to meet the needs of our customers."

Apple iPhone 5 video

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Via: Engadget