Latest rumors about the release of the iPhone 5 suggests that the launch date for the highly anticipated Apple handset has been bumped up to August to compete with the Samsung Galaxy S3. Samsung's latest handset, dubbed by some as the "iPhone killer," finally rolled out in the US this week and according to various reports, Apple is keen to get the phone out sooner than later to compete with Sammy. The rumors were first reported by Taiwan's Central news Agency.