iPhone 5 may launch on September 12: Report

Apple is gearing up to launch iPhone 5 at a major Sept 12 event, a source familiar with the plan said, presaging the long-awaited release of the re-designed iPhone.

Apple typically takes the wraps off its latest smartphones around the fall, allowing the gadget to hit store shelves in time for the best holiday shopping season.

The 5th model of the device that helped change the mobile industry is likely to sport a slimmer, larger screen and a smaller dock connector, among other changes, sources and experts have said. The company on Monday turned down to comment.

The September 12 date may shift, the source said on condition of anonymity. Samsung unveiled its latest Galaxy device recently, stealing a march on Apple in an intensifying fight for mobile supremacy. The pair now command more than half of world smartphone sales.

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