iPhone 5 Rumor: Telefónica Scaling Back Stock To Make Room For iPhone 5

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We may finally have some truth to some of the rumors that have been spread around for months now.

Engadget reports that a tipster has alerted them that starting on August 22nd Telefónica, a Spanish broadband and telecommunications provider in Europe and Latin America, will begin scaling back there iPhone stock. The reduction will take place through September 12th and "will of course prepare us for the launch of a new smart phone", according to the source.

Last week there was a rumor floating around that Apple would be holding a media event on September 7th where they would announce the iPhone 5. The rumor was later debunked by Dim Dalrymple of The Loop, where he stated:

"Reports began to surface yesterday that Apple would hold a special event on September 7 to launch the new iPhone, but that’s not happening."

It should be noted that Dalrymple only debunked the date of September 7th. Theoretically Apple could still announce the iPhone 5 any other day during the month, which puts it on track for an October release, which was also speculated last week.

When do you think the iPhone 5 will be announced? Will it even be called the iPhone 5? Let us know your thoughts.

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