Apple IPhone-5 debut in Oct-12

New York—Apple Inc. (AAPL)’s next iPhone is likely to be introduced in October and will feature a new body design and work with faster wireless networks, according to Gene Munster, an analyst at Piper Jaffray Cos. (PJC) who had expected an August release for the top-selling smartphone. In a note today, Munster wrote that October is more probable after chipmaker Qualcomm Inc. (QCOM) announced it is having trouble meeting demand for components that the analyst expects to be included in a new iPhone. The supply constraints, along with Verizon Wireless reporting a drop in iPhone sales, contributed to a 3.4 percent decline in Apple shares today. The iPhone is Apple’s top-selling product, accounting for 53 percent of its sales in the quarter that ended last December.—AFP

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