A new iPhone 5 release date rumor has hit the internet. This time an August launch has been speculated for Apple, based on a report from a Taiwanese tech Web site. Also included in the speculation is a rumored spec upgrade in the form of a A5X chip, which was used in the iPad 3 tablet.

According to International Business Times of Australia, Digitimes website from Taiwain has reported that Apple may launch the new iPhone in August. The reason for Apple to release in August would be to go up against their strong competitor, Samsung, and its updated batch of smartphones on the market.

The IBTimes website notes:

"It seems that tech giant Apple is threatened by the continuously rising sales of Samsung Galaxy S3 as well as the piling rumours that its rival company will be releasing another smartphone in fall."

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