Reuters is reporting that Apple, Inc. will ship its next generation iPhone — oft referred to as the iPhone 5 — this September. The publication cites three sources “with direct knowledge of the company’s supply chain” and adds that the updated iPhone will sport a “faster processor.” Reuters writes that Largan Precision Co Ltd will be responsible for the new device’s camera sensor, Wintek Corp for its touchscreen panel, and Foxconn Technology Co Ltd for case production. “The companies would begin production either in July or August before shipping components to Hon Hai Precision Industry Co Ltd, flagship of Foxconn Technology Group, for assembly,” the site’s sources state. Analysts and pundits have been utilizing supply-chain checks to try and determine when Apple’s next smartphone will hit store shelves. September of 2011 and January of 2012 have been the two most popular prognostications. The September timeline has been touted by RBC, Avian Securities and Concord Securities in subsequent, independent reports.