Report: New iPhone, 7-inch iPad due late summer

The next generation iPhone and iPad will apparently be ready for consumers at the tail end of summer.

This information originates from Digitimes, which claims numerous sources in overseas manufacturing plants. The publication reports that Pegatron has already landed orders for the iPhone 5.

In addition, it says that Foxconn is working on components for what is likely a 7-inch version of the iPad, something that could potentially bring the Apple table to a more budget-conscious group of consumers.

There is some question as to whether or not the next iPhone – or any iPhone, for that matter – will be called the iPhone 5. Apple threw naming conventions out of the window with the launch of the new iPad.

Instead of calling it the iPad 3 as many had expected, it is just simply called the “new iPad,” or in even simpler jargon, the “iPad.” The rationale behind that decision remains a source of speculation and uncertainty, but the bottom line is that now, instead of just assuming the next iPhone will be called the iPhone 5, there’s reason to believe it will be something else.

Of course, people still refer to the new iPad as the iPad 3, simply because it’s the easiest way to distinguish it from the others. We’re curious to see how this unconventional naming structure will continue with Apple moving forward.

So the question is what the 7-inch iPad would be called. The iPad mini? The iPad nano? Also, what will the next full-sized iPad be named? It could become a confusing mess.