London: A technology giant Apple is planning to launch its much awaiting iPhone 5 in August, two months ahead of schedule, report says.

The report says following a stiff competition from Samsung’s Galaxy S3, the firm move is afoot to hit back at the Korean electronics giant.

“Taiwan’s Central News Agency quoting local media said shares of Taiwanese suppliers to Apple had moved up following the reports,’ emirates 24/7 reported.

It was originally expected that Apple would release the iPhone 5 in October, like it did last year when it released the iPhone 4S.

However, with growing competition from Samsung electronics it is no surprise that Apple wants to get into the race much earlier.

Earlier, a top Samsung executive was quoted by Reuters saying that the company expects sales of its Galaxy S3 to exceed 10 million units by the end of July, making it the fastest-selling device.

Meanwhile, Apple’s battles with Samsung within the United States continue with a judge banning the sale of Samsung Nexus smart phone within the US.

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