Here is a White iPhone 4 production model running iOS 5 published on YouTube . According to the author of the video , the White iPhone 4 is running a pre-release version of next generation iDevice iOS 5 . Check out the video below for complete action .
iOS 5 demoed on YouTube :
Update :iPhone 5
Twitter updates from Reuters report that iPhone 5 production will start from July-August and the shipping will start from September onwards . iPhone 5 will have the same design as the iPhone 4 but with a more powerful A5 processor . Currently Apple sources the manufacturing of iPhone camera module from Largan Precision Co Ltd, touchscreen panel maker from Wintek Corp and casing from Foxconn Technology Co Ltd .