Apple to release iPhone 5 in September, while iPad is looking to make Black Friday Legendary

Apple will launch its next-generation iPhone smartphone during the second week of September, according to reports. Apple is said to have an initial order of 4 million iPhone 5 handsets on order for launch, plus another 400,000 units being manufactured now as part of a trial run.

The same report states that the wait forApple’s next iPad may be longer than expected due to component shortages. Apple is reportedly now aiming to release the iPad 3 some time around the Thanksgiving holiday in November, which could make for a Black Friday nightmare the likes of which haven’t been seen in years.