A China Telecom iPhone will probably have to wait until 2012, says UBS' Jinjin Wang. The analyst quotes checks with value chain suppliers, which allegedly point to a launch no earlier than February or March of 2012. The phone could come out as late mid-2012, Wang suggests. If so, the timing could mean that there will be no Telecom iPhone until Apple launches a next-generation device, although that would also assume the company plans to return to a summer release schedule.