The long wait for the iPhone 5 is finally over – at least according to a breaking report from sources close to Apple. According to All Things Digital (c/o Mashable), Apple will announce the iPhone 5 at a large media event scheduled for October 4th. The October 4th announcement (and subsequent release a few weeks later) means that the past predictions of a mid-fall launch (as reported here at pnosker.com) were indeed true.
It is unknown what role former CEO Steve Jobs will play in the announcement. Jobs resigned as CEO of Apple a little over a month ago, likely due continued health problems that have ailed the Apple co-founder for the past five years. New CEO Tim Cook will definitely be at the event, though, sources are reporting.
Even though the American economy has been stalled the past six months following past moderate growth, analysts are reporting that demand for the new iPhone 5 will be even higher than previous versions of the phone. Apple’s stock price has rebounded from the August market crash to once again be just under $420 per share, only $2 off its record price. It will be interesting to see how analysts view the actual iPhone 5 once revealed, and also how new CEO Tim Cook fares in his almost impossible task of replacing the personality and innovative mind that is Steve Jobs.