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Verizon Expects to See iPhone 5 in Fall 2011

Friday brought two separate Verizon-related reports indicating that Apple's release of the iPhone 5 this fall is almost a certainty.

The first indication arrived by way of Verizon COO and upcoming CEO Lowell McAdam during a CNBC interview discussing the company's Q2 financials. When asked about the slow revenue growth of the past quarter, he admitted that the company expected a significant jump thanks to the launch of the iPhone 5 this summer. Of course, that didn't happen, so now the boost in revenue is expected next quarter due to the smartphone's predicted launch in the fall.

"We had assumed that we would see an iPhone early in the summertime as it’s been usually, and that’s going to be a little bit later in the year now," said McAdam.

McAdam followed up his iPhone revelation with a conference call on Friday, attributing the company's Q2 financial performance to the expectations of the rumored iPhone 5. "We are probably what I would view as maybe a quarter behind what we had talked about in January, primarily because we expected an iPhone 5 refresh sometime this summer," he said. "We don’t know when the next one is going to come out. You will have to ask Apple that, but we expect that probably sometime in the fall, and I think you will see a significant jump there when we get to that point."

The second Verizon report of the day seemingly backs up McAdam's prediction that the iPhone 5 will arrive this fall. According to reports, the Big Red is actually clearing out inventory to make room for the next-gen iPhone. The carrier is now reportedly discounting certain accessory bundles for the iPhone 4 to make room, and will later reduce the prices of single accessory offerings closer to the iPhone 5 launch / iPhone 4 EOL.

So far the predictions for the iPhone 5 launch have focused primarily on late August, September and early October. Naturally, Apple hasn't said a word.