The next generation iPhone ( iPhone 5/ iPhone 4S) coming in June/July revealed by Apple’s quarterly guidance report, according to according to SeekingAlpha’s Andy Zaky.

Apple CFO Peter Oppenheimer stated,”We expect OpEx [operating expenses] to be about $2.5 billion, including about $255 million related to stock-based compensation expense.”
Zaky says Oppenheimer might as well have said, “Despite what you might hear on Wall Street, we expect the iPhone 5 to be released in late June or early July as planned.”
Zaky has raised some valid points which includes factor such as launch of Mac OS X Lion and the time required for the developers to update applications for a new iOS 5 release.
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