Apple Confirms iPhone 5 Event Release October 4th

Apple confirms the official iPhone 5 event release scheduled for October 4th. The company sent out an email invite to reporters for a special gathering to take place in its Cupertino, Calif., headquarters. There is still speculation on whether it actually means iPod, but there’s buzz on the street that the product could discontinue.

However, the email message labeled the event, “Let’s talk iPhone,” which confirms something is coming. Industry analysts predicted a possible release of version 5, or a fifth-generation, smartphone to launch in early fourth-quarter 2011. In addition, Verizon and AT&T told its workers to prepare for something big in October.

The new cell phone has been speculated for some time with most in the industry guessing at a late-summer release. Now it looks as though the anticipation and rumors will come to an end next week. Typically, Apple has waited to early fall to host an event for all updated iPod products and iTunes software.

We’ve known that Apple was scheduling soon that would be led by its new CEO, Tim Cook, pegged for October. Steve Jobs resigned from his post last month. There is also the question on when the next-generation mobile phone will go on sale.

The current model was released in June of last year and has helped to drive Apple’s revenue and profit growth to record levels and has become the best-selling smartphone in the world.

Though a good product, the current cell phone could use some improvements, ThinkEquity analyst Mark McKechnie said. “We talked about it having a bigger screen, a dual-core processor, and probably integrates pretty well with the iCloud.”

Some analysts are expecting a major upgrade to the existing phone to launch with the next-generation mobile device. “The new iPhone 4 will tackle the prepaid market, and the 5 will have the A5 chip that’s in the iPad and be faster, thinner and possibly with a bigger screen,” Colin Gillis, analyst with BGC Partners said. He cited possible voice-recognition features as well. Either way, the October 4th event is a launch of something big.