Apple announced Tuesday that it has scheduled an event for Sept. 12, at which it is widely expected to introduce a new iPhone.
The highly anticipated event will likely feature the long-awaited unveiling of the iPhone 5. The invitation sent to the press features a prominent "5" as the shadow cast by the "12," signifying the event's date.
The new iPhone is expected to have an elongated screen, 4G network speeds, a faster processor and some other structural and internal changes. Still, it's worth noting that even the most widely circulated iPhone-related rumors often turn out to becompletely unfounded. Apple notoriously holds its secrets very close to its chest.
Last year at this time, rumors circulated that Apple was working on an "iPhone 5" with a larger screen, 4G capabilities and no home button. Instead, it delivered the iPhone 4S, an incrementally updated smartphone cut from the same mold as its predecessor, the iPhone 4. The biggest change was the addition of the voice-activated assistant Siri.READ FULL CNNMONEY.COM STORY