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Apple to unveil iPhone 5 next week

Apple Inc has announced the new version of the iPhone is to be launched at an October 4 event, the first upgrade of its best-selling product since former CEO Steve Jobs resigned, the Washington Post has reported. In addition to the stronger processor and improved camera, the new iPhone may have faster networking technology, improved graphics performance and potentially be thinner and lighter, Maynard Um, an analyst at UBS Securities, said.