The new Apple iPhone 5 is reportedly entering the assembly stage, with an expected release in the U.S. in October with other markets to follow.

According to Chinese news source Macotakara, manufacturing companies Foxconn Technology and Pegatron Technology are in the final stages of production. Assembly doesn't entail the installation of Apple's operating system, and packaging is said to be missing as well. These final touches are expected to take place shortly before the product hits shelves.

Rumors about the iPhone 5 have been circulating since a prototype was allegedly lost in a San Francisco bar in July. Although the details surrounding the missing phone, such as its whereabouts or pictures, have kept the rumor from being concretely confirmed, the San Francisco Weekly reports that city law enforcement has been working with Apple to recover the device.

"The two Apple employees met with the resident and then went into the house to look for the lost item," the police statement read. "The Apple employees did not find the lost item and left the house."

A similar event occurred last year before the release of the iPhone 4. Because the devices are so highly anticipated, and perhaps due to Apple's guarded marketing, rumors have been circulating from the size and shape of new iPhone accessories to the possible manufacture of a new lower-cost and less-powerful iPhone 4.