iPhone 5 Rumors: Speculated Specs, from Retina Display Screen, OS, and Networks; Shortages Likely Due to Late Shipments

Apple fans can rejoice as the first day of September marks the month of the iPhone 5's debut.

The latest device from Apple is schedule to launch on Sept. 12 and available for preorders on that same day for US customers.

The Sept. 12 date is also expected to be the debut of the new iPod Nano, iPad Mini, 21.5-inch iMac, and the 13-inch MacBook Pro with Retina Display, according to the International Business Times.

The rumored features of the iPhone 5 has been rampant, to the point that a new rumor comes up one day, only to be proved false the next. This was known for the speculated Near Field Communication (NFC) chip. It was expected that a slot on the back of the iPhone 5 would support the NFC and collaborate better with the iOS 6's Passbook app. This speculation was further rumored to be false.

But time will see once Sept. 12 arrives.

The latest iPhone will have a 4-inch screen size with Retina Display and 16:9 ratio. The screen size is an increase of the 3.5-inch screen for the iPhone 4S.

However, a problem might have risen when it comes to the display. According to the Wall Street Journal, the Japanese company Sharp is producing the iPhone 5's screens yet they haven't started producing them yet. The reported stated that shipments of the iPhone 5 were supposed to go out in late August but production has been delayed due to technical problems. This is not the first time Sharp faced an issue like this, as they also delayed shipments of screens for the iPad 3.

The delay in shipment could lead to shortages of the iPhone 5 when it launches, supposedly on Sept 21.

Camera features include a rear-facing eight-megapixel camera which is the same as the iPhone 4S. The front-facing camera stands at two-megapixels, an improvement to the just VGA-capable camera at 480p and 30fps.

The Internal storage sees an increase from the 512MB RAM to 1GB RAM,

The Operating System uses iOS6 over the iPhone 4S' iOS5 and 5.1 versions.

Networks for the iPhone are expected to be the same as the iPhone 4S with 2G and 3G, however, speculation states the support of 4G LTE is likely, this is according to Tom Herrmann of Tech & Trend.

It is important to note that 4G LTE will only be available for Verizon Wireless customers. According to CNET, Verizon's LTE network is the largest of its kind in the US, reaching almost 230 million people across 337 markets.

The battery capacity of 1140mAh with its life going eight hours for 3G users and 14 hours for 2G users. The mAh is an increase of 10mAh from the iPhone 4S.

Carriers for the iPhone 5 are Verizon Wireless, Sprint, and AT&T. Apple's relationship with AT&T has been smooth as they helped carry the original iPhone back in 2007. T-Mobile will not carry the iPhone, for the sixth time, due to disagreements on network capabilities.

Jefferies & Co. has projected that iPhone 5 sales to jump 156 percent from last year's third quarter sales, and expected to sell 250 million devices.