The iPhone 5 is all set to be launched and is likely to prop up this quarter’s top line and bottom line for Apple Inc.(NASDAQ:AAPL)
On Tuesday, Apple sent out invites to the press for its event scheduled for Wednesday, September 12. The highlight will be the launch of the next generation iPhone. “It’s almost here,” says the invitation, which has a large ‘12’ printed on it to indicate the launch date. In the shadow, is the number ‘5’ denoting the generation of the new iPhone.
The phone is likely to go on sale a few days later, on September 21. This has consumers, analysts and shareholders excited. Consumers can lay their hands on the Apple iPhone which has a new design and also a larger 4 inch screen. The display slightly taller and the metal back is two-toned. The forward Face Time camera is above the ear piece and the headphone jack is now at the bottom. Additionally, iPhone 5 also has a smaller 9 pin dock connector. As it will run on Apple’s iOS 6 operating system with the new Pass Book application, it will serve as a digital wallet too, a fact which will surely delight customers.
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While the feature-filled iPhone 5 will surely drive consumers crazy, the resulting sales and their likely impact on profits has filled analysts and shareholders with anticipation. The announcement of the September launch has made analysts feel that Apple’s profits for the quarter will exceed Street expectations. In fact, Apple is likely to sell 8 million units at the launch itself. iPhone 4S had sold 4 million units in a record three days.
The launch event will begin at 10:00 AM on September 12 at the Yerba Buena Center for the Arts in San Francisco.