Apple marketing honcho Phil Schiller confirmed through his verified Twitter account that a white iPhone will be available “this spring.” Though he didn’t mention iPhone 4 or iPhone 5 but there is much anticipation that he must be referring to White iPhone 5 as launching White iPhone 4 along with iPhone 5 does not really make any sense.
Here’s what he has tweeted:

The last day of spring is June 20, so there’s your iPhone 5 availability date. Even if Schiller was in fact referring to a white iPhone 4, June 20 still files as a possible iPhone 5 release date because Apple would want to coincide any white iPhone 4 availability with the iPhone 5 arrival. Apple typically keeps the current iPhone model on the market at a reduced price when unveiling a new model.
Also Apple has also booked June 5 and 9 to run this year’s WWDC based on the “Corporate Meeting” placeholder in the official Moscone center. All the clues take to us to in only direction that iPhone 5 is definitely coming before June 20th along with White iPhone 5.
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