Apple iPhone 5 pre-orders on September 30th with October 7th launch?

The latest word on the Apple iPhone 5 comes from sources for electronista. According to these tipsters, the Apple iPhone 5 will be announced next month at the same time the new iPods and iOS 5 are launched. Apple is then expected to start accepting pre-orders at the end of September, most likely on September 30th followed by the launch of the phone on October 7th. This timeline can change of course, if there is a problem with production of the phone.

The sources didn't bring up the possibility of the launch of a cheaper version of the Apple iPhone to compete with lower priced Android models.
There has been speculation that a lower priced iPhone model would be offered by Apple this year with some expecting a cheaper variant of the Apple iPhone 4 or the Apple iPhone 3GS to compete in the low-end arena.

source: electronista