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Tuesday, July 31, 2012
Apple Fans Await Release Of Newest Model of iPhone in Sept. 12 Event

Apple will introduce the next version of the iPhone on Sept. 12, Bloomberg reported today two people with knowledge of the company's plans.

The new iPhone will reportedly have a larger screen, a thinner body, a smaller dock connector and is expected to work with LTE networks.

Apple is competing with Samsung Electronics for supremacy in the smartphone market. Apple's strategy to release a single smartphone each year has been beneficial for Samsung, which has become the world?s leading handset maker by putting out several devices a year in a range of sizes and prices.

Apple declined to comment.

During its quarterly financial results, Apple increased the prepayments it is making for components, a move that may indicate a new product is going to be introduced.

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