According to an industry source, supplier have seen disappointing orders from Apple and this has nothing to do with iPhone 4 sales because this iDevice is still a hot seller. Instead it is being reported that Apple is likely preparing the release of a next generation iPhone which is expected to be announced in September. The new model many are claiming will be the iPhone 5 and will probably look similar to the current generation iPhone.

iPad orders are still really great and they are expected to grow 70% next quarter to 8 million units since no new model is in sight at the moment.

Rumors of a future iPhone have been doing the round for months now and this is what happened with previous iPhone releases too. Reports initially pointed to a major upgrade but this seems less likely thanks to model images that have been leaked. It is expected that the new model will have similar features but more RAM and a faster processor are expected as is a larger 8 megapixel camera.

Like all the rumors and reports we really do have to take them all with a pinch of salt because until Apple actually release their next generation iPhone we really won’t know exactly what to expect.