Apple will launch its next-generation iPhone smartphone during the second week of September, China Times reported on Wednesday. Apple is said to have an initial order of 4 million iPhone 5 handsets on order for launch, plus another 400,000 units being manufactured now as part of a trial run. The same report states that the wait for Apple’s next iPad may be longer than expected, however, due to component shortages. Apple is reportedly now aiming to release the iPad 3 some time around the Thanksgiving holiday in November — which could make for a Black Friday nightmare the likes of which haven’t been seen in years. The iPhone 5 launch timing reported by China Times lines up well with BGR’s exclusive report suggesting the next-generation Apple smartphone would become available from AT&T in early or mid-September.