Starting a Production of New iPhone?

The Wall Street Journal reported Wednesday that Apple is planning to start production of a new iPhone synonymous in size and shape to its latest version in the second quarter of the year.

Apple iPhone 5

The business daily, summoning persons informed with the device's production, mentioned the newest model of the smartphone could be ready for a summer launch, but the newspaper also said that Apple declined to give comments on that matter.
The Journal stated that in the meantime Apple was continuing to work with its Asian partners on a cheaper version of the iPhone that could be launched as early as the second half of this year.
The iPhone 5 proceeded on sale at the end of September in the United States and in nine other countries.
In just three days, more than five million of the devices were sold which was higher than the previous model but seems falling inadequate of some analysts' expectations.