New rumor from Chinese sources indicates that Apple will enter the phablet market to compete with Samsung Galaxy Note phablets. Apple will release a new phone with a screen larger than 5 inches. The news comes from Chinese publication site Huanqiu and later reported by Yahoo Japan where it’s reported that the new iPhone phablet will be released in May of this year. The new Apple phablet will not be part of the iPhone product line, the site says, it will be a complete new phone line with its own name. It’s also said that the phone will launch with a new 20nm A8 processor made by TSMC, not Samsung. As for the iPhone 6, the site says that it will launch on September 14 launch event.