We have already see back panel pictures of the upcoming iPhone 5 few times. And now a Chinese website has posted pictures showing the complete phone. The phone in the pictures show iOS running, but according to the translation posted by Macotakara, the Chinese website wasn’t able to confirm if this was the real thing. Macotakara’s Danbo posted the following translation:

iPhone Chinese Web post several photos of new iPhone, which seems to be fully assembled. New iPhone, called as iPhone 5, is considered to has been leaked as parts by parts.

While this iPhone photo shows live iOS running, we don't have idea if this photos are computer generated rendering or composited by Photoshop.

iPhone Chinese Web tells that they are not confirmed it is true or fake.

We don’t know if this is the real thing, but if it is then Apple has working iPhone 5s out there, which would mean that the handset is almost production ready and it will be launched way before the rumored Q4 2012 that many analysts have quoted. Check out the other three pics below. We are loving the new design.

Update: The images are 3D renderings made using Rhinoceros 3D software and not real iPhone 5 pics. The images were posted on Flickr by Martin uit Utrecht and they were based on leaked back cover photos and video. However, as we said before we are loving the design and hope that Apple will have something similar.