Apple Inc. has announced the launch of its new iPhone on Oct 4. The US based company invited the media to an event titled “Let’s talk iPhone” at its headquarters in Cupertino, California, but did not specify any other details about the product. Analysts and industry insiders claim that the new iPhone may come with voice recognition software along with a better camera and a faster processor.
This new iPhone will be the first product launch for the company after Steve Jobs resigned in August. While Apple did not specify who will be responsible for the launch, sources claim that Tim Cook, CEO, will introduce the new product. The new iPhone will most likely come with the iOS 5, Apples latest operating system, as well as will feature Apple’s cloud-based media service, iCloud.
Further, in order to expand its reach in the market, Apple is expected to increase the network carrier for its iPhone. Recent rumours suggested that Sprint Nextel Corp. will also be offering Apple’s new iPhone in the US with unlimited data plans. Apple may also drop the price of the current iPhone model in order to make it more affordable for consumers.
Apple has reportedly sold 40 million iPhones during the first half of this calendar year, with analysts expecting as many as 110 million new iPhones to be sold in 2012. Apple’s stock has gone up by 24 percent this year, closing at $399.26 on the Nasdaq Stock Market.
