The latest rumours suggest that Toshiba will be launching a Windows Phone 7 Series mobile phone, which will be known as the Toshiba TG03. The Toshiba TG03 picture above was leaked through a Chinese source.

It follows up from the Toshiba TG01 which ran on Windows Mobile 6.5 and will actually feature a similar specification.

The Toshiba TG03 will be powered by a 1GHz Mobile processor and will have a huge 4.1 inch capacitive touch-screen. It also has a 5 mega-pixel camera with auto-focus, which is more than sufficient.

All these details are merely rumours, but in the past leaks concerning Toshiba have proved to be highly accurate.

The Toshiba TG03 is rumoured to be launched in Novemeber 2010 and once we hear more we’ll be sure to bring you news.