Some iPhone 5 Users Facing Date and Time Bug
Majority of those complaining said to be Verizon iPhone subscribers.
A considerable number of iPhone owners are reporting a new bug for the smartphone consistently showing the wrong date and time.
Over 20 pages on the Apple Support Communities website has seen iPhone owners complaining about the date and time being incorrect. Some experience a delay of a day, while others are reporting as long as two weeks. The issue seems to be attributed to Verizon Wireless with the majority of those complaining saying they're Verizon subscribers.
"Mine isn't just off by 30 min," said one iPhone owner. "Today the black one was off by 15 days plus 6 hours and 12 minutes when I pulled it off the charger. The white one is my wife's and she complained yesterday evening that she had to fix the time 4 times throughout the day."
"I've had the phone for about two weeks and have noticed the time drifting slowly off by 3-5 minutes," stressed another. "Tonight [October 16] at 10:40pm it changed itself to September 28th 4:35pm."
Some iPhone owners say the issue is occurring at home, which is apparently mainly due to inconsistent Wi-Fi or LTE coverage.
Users have suggested several methods of purported fixes: changing the date and time from automatic to manual, turning off LTE, resetting the device, as well as toggling the Airplane mode.

The image of a comet hitting earth was actually that of a bitten apple. Its the end of an era.
Google & MS will rise
The image of a comet hitting earth was actually that of a bitten apple. Its the end of an era.
Google & MS will rise
We'll never get to the 12th at this rate.
Yes, but let's not let the facts get in the way of our poking fun at Apple.
Don't forget adding "Get another phone" or "Get off Verizon".
This makes perfect sense. Clearly Apple found the secrets to time travel and sent an iPhone from 2 years ago into the future (present day). This explains the old hardware and why people are seeing it as "new" and "innovative".
If this idea were considered, the Android fanboys (which make up 95% of the readerbase of websites like Tom's Hardware or Engadget) wouldn't be able to troll articles, using poor and inaccurate analogies (such as the non-existant antenna "issue") because they have nothing else to go by.
As a rule of thumb - if you have a real job, you should probably own an actual, dedicated alarm clock. I get up at 5:45am, typically, and set an alarm on my phone AND my alarm clock. My phone hangs out on the nightstand next to me, and while I've not had a problem with the 2 years I had an iPhone 4, or the few weeks I've had an iPhone 5, with my alarm not going off, I have been known to disable it while half asleep, once or twice.
Sent from my Nexus 7
The iPhone just like many others will pull the time from the tower during a Health Check or location update. Issues can arise if the carrier tower that the phone is on does not support Network Interface Time or has it disabled. Even after that the Phone will then revert to its own oscillator to keep time, then update during the next Location Update, which should occur each time it hands off to another tower. Then again it could have a faulty Oscillator, or the phone could be stationary in which the tower should have an inactivity timer set to force the mobile to perform a location update every so often. If this is disabled then the phone again can drift. Turning it off and on (Power Cycling) or turning on and off Airplane mode will force a location update, and will only set the time if Network Interface Time is set and enabled.