As always any tiny bit of news concerning Apple’s next generation iPhone no matter if we have heard it before, as soon as it hit the net waves it does the rounds of the tech sites, and the latest iPhone 5 speculation today is Apple has placed orders for key components and is preparing to launch the iPhone 5 sometime in the third quarter.

According to an article over on the Wall Street Journal, the latest version of the iOS smartphone, whether that be the iPhone 5 or iPhone 4S as it is still unclear, will be thinner and lighter and feature an 8 megapixel camera according to “sources familiar with the matter.”

Apparently Apple is also looking to move 25 million of the new iPhone handset by the end of the year claims the report with one of Apple’s suppliers apparently stating “Apple’s sales estimates of the new iPhone is quite aggressive. It told us to prepare to help the company meet its goal of 25 million units by the end of the year.”

The same source goes on to add, “The initial production volume will be a few million units… we were told to ship the components to assembler Hon Hai in August.”

According to another unnamed source, the new iPhone will carry Qualcomm baseband chips rather than the Infineon Technologies AG chips used in the iPhone 4; however apparently both firms have declined to comment on the matter.

As for that shipping of the iPhone 5 and target for 25 million by the end of the year, apparently two of the sources have cautioned that shipments of the next generation iPhone may well see delay if Hon Hai cannot improve their production rate, as apparently the assembly of the iPhone 5 is “complicated and difficult to assemble.”

As with all things Apple one has to take everything with a very large gain of salt and everything remains in the realms of speculation as I continue to reiterate, only Apple really know when Apple will release the iPhone 5, and as I have said many times before, Apple won’t let on until they are good and ready.

Until then everything is basically second-guessing based on rumour. we do have the full report by the WSJ in video format for your viewing consideration below, which lasts just on two minutes so feel free to hit that play button and check it out…enjoy.