According to analyst research, Apple expects to sell more than 263 million iPhone 5 units.
What will the iPhone 5 look like?
At the end of July, a fully assembled iPhone was constructed from components leaked from the Chinese suppliers, and photographs of the device were published online.
Apple was granted a patent for a smaller dock connector in July. It is expected that Apple will reduce the size from the current 30-pin design to a 19-pin or possibly even 8-pin design. However, it has also emerged that a high school student started one of the smaller dock connector rumours as part of a school project.
In early August, a detailed hands-on video of the iPhone 5 front panel hit the web.
What other features will the iPhone 5 have?
Data from alleged iPhone 5 prototypes has led to the speculation that Apple will implement Near Field Communication (NFC) in the device. An Apple patent also suggests that a NFC chip will be introduced in the iPhone 5, enabling users to quickly send iTunes gifts to one another.
Another patent indicates that Apple could use an NFC chip in future iPhones to control digital devices around the home, including other Apple products, games consoles, digital cameras, or even sprinkler systems and thermostats.
It is expected that the iPhone 5 will launch with iOS 6, Apple's next mobile operating system. iOS 6 will introduce a raft of new features to the iPhone, iPad and iPod touch, including Apple-designed 3D maps, Siri improvements, 3G FaceTime and Shared Photo Stream.
When Apple launched iOS 6 beta 4 to developers on 6 August, it emerged that the company is dropping Google's YouTube app from the operating system. This, and the omission of Google's Maps app, indicates a very public break-up between Apple and Google.
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