Engdaget reports that Apple delays the iPhone to October.

Update:
Rumor turned out to be a false alarm. The source was though an Apple internally sent email that lots of employees got. Seems somebody made a joke inside Apple. See also this article on TechCrunch analyzing the impact of this story on the Apple stock.

If this turns out to be true, it would be a big failure for Apple. AT&T and Apple just recently confirmed the June release. So I do not believe it yet. Engadget says "they have it on authority that as of today the iPhone is delayed". In the same report they say that Leopard is going to be pushed again. This time until January 2008. If it is true or not, the Apple stock already lost 2.29%.