The iPhone 5 is reportedly going to enter the market by October of this year. According to Gene Munster of Piper Jaffray, the iPhone 5 will be released into the market after the 2012 model of the MacBook Pro. However the expected shortage in the supply of the 28nm baseband radio chip of Qualcomm will affect the supply of the device.
The company will be facing a problem in meeting the short-term demand for the iPhone 5 until the start of the coming year.
However it appears that Apple will be able to meet the projected sales of around 49 million units of the iPhone 5 even as the supply of Qualcomm chips is limited. The 49 million projected sales of the iPhone 5 is quite notable when it is compared to the 9 million pre-orders that were made for the Samsung Galaxy SIII.
The release of the iPhone 5 will also result to an increase in the number of purchases for apps while consumers are also expected to subscribe to the other services offered by Apple including iBooks, iTunes Movies and the iCloud service.
Munster also discussed the possible features that the upcoming version of the iPhone will offer to users, which will make the iPhone 3GS an entry-level device and become more appealing to consumers in developing countries .The upcoming iPhone 5 is also expected to feature Long Term Evolution or LTE connectivity, the latest system-on-a chip, bigger display and a new sensor for the camera.
By offering LTE connectivity on the upcoming iPhone 5, mobile service providers will be able to increase their revenue since LTE users utilize more data compared to that of the regular 3G connection.