The iPhone 5 could be substantially delayed and will be launched in October (not September), reports AllThingsD. The reporter cites information from a source familiar with Apple’s supply chain that a September launch is improbable, and in fact argues that an October release date is most realistic.

Quote :

So, when can we expect the company to uncrate the iPhone 5?
“October,” the source said, while declining to offer a hard launch date. Other sources said it will be later in the month rather than earlier.

The source additionally claims that the information on AT&T blocking vacations for last two weeks of September was incorrect and confirmed that iPhone 5 will only be retailing in the month of October.

The delay in next generation iPhone 5, however, square perfectly with an earlier report where a Chinese site, claimed that the iPhone 5 will be delayed because A5 processor is overheating in the iPhone 5.

While obviously such a report has to be taken with a grain of salt, AllThingsD has been “fairly reliable” in the past and probably does have solid sources in Apple’s Taiwanese supply and manufacturing chains. But then there is a slightly geeky burning question – Will Apple announce iPhone 5 in its now-annual September iPod media event or not?