According to an industry note from investment banking firm Piper Jaffray, Apple will most likely continue its trend of October launches and wait until this fall to release the iPhone 5.
This later release date is said to be due to a supply issue with Qualcomm's 28-nanometer modem chip, which will enable the new iPhone to be LTE-compatible.
"We expect the iPhone 5 to not only include a revolutionary newly designed body," read the report, "but also support LTE and utilize the Qualcomm 28nm baseband modem."
Yesterday, Reuters reported that Qualcomm cannot meet demands because of "manufacturing constraints" that will bump up operating costs.
The company's CFO, Bill Keitel, told Reuters that demand has surpassed availability so much that the company has "decided to start spending more money to get more supply as soon as possible."
Keitel also noted that this shortage is draining the company of tens of millions of dollars.
reading•iPhone 5 may launch in October due to Qualcomm supply issues
Mar 20•iPhone X's Face ID is years ahead of Android competition
Mar 19•Having issues with your phone's compass? Read this
Mar 19•You're gonna want the iPhone X in blush gold
Mar 17•Apple event set for March 27, Microsoft creates new division