iPhone 5 Already in Production for August 7 Release Date?

According to a Japanese blog and Macotakara blog, iPhone 5 is already in the works for its early release next month.

New rumors of iPhone 5's release revealed that the much awaited smartphone will be introduced on August 7, which is different than the earlier reports and theories that the device will be launched in September or October.

A blog in Japanese language claimed that the upcoming iPhone 5is already in production. This claim is backed up by Macotakara's blog that cites listings for iPhone 5 cases on China's Alibaba.com.

Macotakara has a good reputation when it comes to Apple rumors. Earlier this year, Macotakara said that the iPad 3 was already in the production process in January. The device was eventually released in March. Macotakara has cited posted information from Alibaba about a new form in the production model, with the hole between the LED flash and camera present in previous iPhone 5 concept pictures is not present in the current iPhone 5 model.

The blog also claimed that the back of the new iPhone has both glass and aluminum. "In the area where aluminum is not used, there is glass." This claim is contradicting early reports that the new iPhone will sport an all-aluminum back similar to the latest iPad.

If you are one of the people excited to own the iPhone 5, Chinese retailers were already offering iPhone 5 even before Apple officially released the device.

Some Chinese online retailers have already begun offering the unannounced and unrevealed smartphone for pre-orders emerged and orders are coming in. Reuters reported that Chinese eCommerce website, Taobao, is already accepting pre-orders of iPhones 5. The site is even publishing mock-up photos of the device along with some of its claimed features.

Chinese sellers are asking for deposit of $160 or 1000 yuan in order to secure units of iPhone 5. The sellers plan to import the device from Hong Kong and US and sell them locally in China. Another site is asking for a full payment of $1,100 up front. It seemed that some people already have the money and reserved a device.