Getting close reports by many sources to The Wall Street Journal about the iPad 3 to launch in the first quarter of 2012 and iPad Mini in the fourth quarter of 2012, can be said as the low cost model.

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BGR, an authentic source has said that they have got to know that the iPhone 5 will be made of Aluminum, the back and debut in fall 2012.

For starters, we can now confidently say that Apple’s next iPhone will launch in the fall next year, around the same time that this year’s iPhone 4S launched. We have also learned that Apple is planning to use a rubber or plastic material — similar to the material used in the company’s bumper cases — that will be built into the new iPhone case. In all likelihood, this material will be used as a bezel surrounding the front edge of the phone (like the iPhone 3GS bezel) and it will serve two purposes. First, it will join the glass iPhone face with a new aluminum back plate. It will also cover a redesigned antenna system that surrounds the device, allowing Apple to build the rear case out of aluminum without having to use a large plastic insert above the antennas as the company does on its iPad 2 Wi-Fi + 3G.

The time era prescribed for the iPhone 5 is the same of the iPhone 4S era, October. As before some rumors have been describing that Apple will/may launch a whole new line up of its product but the iPhone 5 will be launching somewhere in Summer, but now according to the new report now shows that the iPad Mini and iPhone 5 may launch in the same event.