Apple’s new iPhone 5 is expected to go into production in September, according to a note from analysts at Avian Securities.

Since it takes a while to get production into full swing, that means that Apple may not debut the iPhone 5 until the end of the year or possibly early next year, Avian said. That could leave a significant gap that rivals making Android phones could take advantage of in the all-important smartphone market. The iPhone 4 (pictured) debuted in the summer of 2010.

The information isn’t ironclad, but it is purported to come from a “key supplier” to Apple. Apple may also be developing a lower-priced version of the iPhone with fewer features, the note said.

The report is consistent with other research on the supply chain by Avian. The note says there isn’t any information on the specifications or the timing beyond what has already been mentioned.

Calling all mobile executives: This April 25-26, VentureBeat is hosting its inaugural VentureBeat Mobile Summit, where we’ll debate the five key business and policy challenges facing the mobile industry today. Participants will develop concrete, actionable solutions that will shape the future of the mobile industry. The invitation-only event, located at the scenic and relaxing Cavallo Point Resort in Sausalito, Calif., is limited to 180 mobile executives, investors and policymakers. We’ve pretty much finalized the invite list, but have a few spots left. Request an invitation.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.