So we have been hearing now for a while that Apple has settled on September for the release of the iPhone 5. The strongest hint yet has been provided in Apple’s earnings report. During the earnings call last might, CFO Peter Oppenheimer said that a future product transition would impact the September quarter.

Sources who manufacture the parts that Apple uses to build iPhones have also hinted at a September announcement, but as is its policy, Apple will not discuss future product announcements ahead of time.

In addition to the iPhone 5, hints at a lower cost iPhone continue to fill our inbox. The current belief seems to be that Apple will offer a low-cost, entry-level iPhone that likely is nothing more than a revised iPhone 3GS. We have already seen evidence of this with sales of the 3GS at very low prices with a two-year contract by some carriers.

In addition to the iPhone 5, in the U.S. market it is now believed that both T-Mobile and Sprint will both be starting to sell iPhones at some point after the iPhone 5 announcement. No idea when this will be officially announced, but it seems that a good many of you believe that it is going to happen.