Apple IPhone 5 May Debut in October, Analyst Munster Says
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Apple Inc.’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. 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. 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.