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iPhone 5 coming soon

The iPhone has long been a product that had more buzz than sales. But with the iPhone 5, Apple may have finally figured out how to get all the people who are talking about iPhones to actually buy one.

Yes, you’re reading that headline correctly.

iPhone 5 Release

Apple is on track to release an “iPhone 5” in September, according to reports from component suppliers in Asia who are gearing up to build the next generation of the company’s smartphone.

Planning on upgrading to the iPhone 5 this September, when it’s rumored to be released? Well, you definitely won’t be alone in line at the Apple Store.

Shopping site PriceGrabber surveyed over 2,800 people, asking them if they planned on purchasing the upcoming 5th generation of the popular mobile communications device, and a whopping 35% said they planned to do just that. Over half of that number said they planned to buy within the very first year after the iPhone 5’s release, to take earlier advantage of the coolness factor before the novelty wears off.

Over 15 million iPhones were sold in the U.S. in 2010. When coupled with 24 million sold the year before and 11.4 million in 2008, there’s a total of 50 million iPhone 3 and 4 users out there potentially rubbing their hands together in anticipation of a device upgrade, and eligible to move up to the new device over the next two years.

iPhones Stack

Of course, a variety of other factors will come into play, including the multitude of Android devices continuing to hit the markets, coupled with the opportunity for consumers to more fully integrate a phone using Google’s mobile operating system with its new social network, Google Plus.

The next iPhone is expected to be a universal device. Verizon Chief Financial Officer Fran Shammo said in April that the next iPhone will be a global device, suggesting that Apple will sell one device to both carriers. Larsen said there are few technical hurdles to ensure the phone is compatible with both Sprint and T-Mobile.

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