Image by tychay via FlickrIt's a bit like an international holiday any time Apple is announcing new products. All the speculation and rumor mongering of the previous several months finally hits the wall of reality as Apple reveals exactly what they've been working on recently. Speculation this time around has been typically rampant with contradicting stories circulating on what exactly the iPhone announcement will be. Could it be an upgraded iPhone 4? Will it be a totally new phone? Will Apple in fact announce two new iPhones, an iPhone 5 and an iPhone 4S with some upgrades and a lower cost? We'll know soon of course but my speculation is two new phones, one completely redesigned and the other a rehash of the previous generation. Both will be capable of running all the latest iOS5 features. The iPhone 4S will be dual mode CDMA/GSM while the iPhone 5 will also be dual mode and support HSPA+. The iPhone 5 will have a somewhat larger display both in terms of size and resolution while the iPhone 4S may only have a 5 megapixel camera instead of the iPhone 5's 8 megapixel.
I don't think we'll see Steve Jobs make an appearance but it would certainly be a welcome surprise if he did. Speculation on his health continues to run rampant and a personal appearance could potentially help ease shareholder and fan fears.
The big risk for Apple today is that people walk away going "Eh, not that impressive". If the new iPhone is just a rehashed iPhone 4 expect major disappointment.
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