Piper Jaffray analyst Gene Munster goes on Bloomberg to talk about the next iPhone.
Ultimately though, it sounds me that you say the key differentiator with this product is speed. Is that correct?
I think there is going to be two. One is the form factor, a slightly bigger screen, a slightly different form factor, and second is the speed. When the iPhone 4S came out it was obviously the same form factor. It was just a big software upgrade. This is going to be a big hardware upgrade and so just think of those as kind of alternating year to year. So this is going to be the year of the hardware. It's going to be the mother of all upgrades. There's going to be lines around shopping malls to get this but it sounds like it's going to be a little later than some had hoped.
Yesterday Munster reported that the new iPhone would likely launch in October because of a supply issue with Qualcomm LTE chips.