Apple to Launch iPhone 5

Apple is planning to release an iPhone 5 as early as September. The model is likely to include a faster computer chip and a more advanced camera.

The company is also reported to be testing a version of the iPad with a higher resolution screen. The release of the iPhone 5 in just a few months could add millions more sales to the technology firm’s range of smartphones. The iPhone is Apple’s top seller.

When the iPhone 4 was launched in June last year, stocks ran out within hours and demand crashed the Apple website. Technology experts are also adding a cheaper version of the iPhone range which will be aimed at boosting its market share in developing countries.

The new phone could be called the iPhone 4G or 4S, with many similarities to the £500 iPhone 4. An 8-megapixel camera would be an update on the 5-megapixel camera currently used in the iPhone 4.

But the speedier processor will allow programs to load quicker and the phone will be able to better compete against the BlackBerry and Samsung handsets that use Google’s Android software.