iPhone 5 Unveiling Expected Today

Chris Greenhough - Author
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Jun. 16 2013, Updated 12:25 a.m. ET

iPhone 5 is likely to be revealed by Apple later today, some 15 months after the company unveiled the last iPhone. The company has announced a major product reveal will take place Tuesday at 10am (PST) / 1pm (EST).

For the first time in many years, it won’t be Steve Jobs and his lovely turtle neck sweater presenting an Apple product launch – instead, we’ll be seeing newly appointed CEO Tim Cook on stage at Apple’s headquarters. Jobs resigned from Apple on August 24th.

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While the iPhone 5 has not been confirmed by the company, evidence for a new model is overwhelmingly strong. Invites to the event were sent out last week with a “Let’s talk iPhone” tagline, and the timing – just before the vital holiday shopping season – seems appropriate. The increasing strength of competitors such as Samsung will also have spurred Apple.

So what to expect from a new iPhone? William Power, analyst with Baird Equity Research, thinks he knows:

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“We expect improved processing power and camera capabilities, with a potential bump in RAM, though that may not be needed with iCloud. Various sources have suggested that Apple will debut more robust voice control functionality.”

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Power also predicted a thinner, faster, larger-screened look.

Alternatively, some on Wall Street expect a cheaper model designed to penetrate the rapidly growing Asian market. In just under nine hours, we’ll know for sure. Will you be tuning in to watch Apple’s big announcement?

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