With the recent news that Walt Mossberg (An American journalist who is a close friend to Steve Jobs) has confirmed a 3G iPhone in 60 days, its becoming more and more certain that the long awaited iPhone is on its way soon.

According to BusinessWeek there appears to be a very limited supply of iPhones in the US but no shortage in Europe. Making the chance of a new iPhone 80% likely to happen soon in the US. Apple wouldn’t allow a top selling product start becoming out of stock in over 20 stores unless they have something new planned, that just wouldn’t make sense. Most people assumed that the 3G iPhone would take around a year to get out in the open, due to the lack of 3G from the original phone so 60 days seems about right to us. The original iPhone was launched in the US in June 2007, meaning that if 60 days is roughly correct the 3G iPhone should be hitting us around early June, a year after the original iPhones release.

Due to European stores being overstocked on the iPhone we can say that the new iPhone will most likely hit the US before it hits Europe (suprise suprise). Following a similar timeframe to the original iPhone, the 3G iPhone should be released in Europe around early September.

We’re certainly excited about this, especially if Kevin Rose’s iPhone Rumours are correct, we could be video chatting with our friends very soon. Now all we have to do is play the waiting game.