IPhone 5 To Debut October 4th

The iPhone 5 is likely to be unveiled at an event called ‘Let's Talk iPhone' at Apple's California headquarters on 4th October, according to reports.

Analysts have speculated that the new iPhone will have a bigger screen and work better with remote computing devices.

On Tuesday, Apple invited members of the press to its special "Let's Talk iPhone" event at its Cupertino, California headquarters.

Apple has usually unveiled its devices in venues in San Francisco.

The media invitation did not have any details as to what was happening at the event and an Apple spokesman did not provide any further details.

The launch of the iPhone 5 will be the first since former CEO and co-founder Steve Jobs stepped down, and the first launch under the new chief executive Tim Cook.

It is not clear whether Jobs will be at the event or not.

The iPhone, which was introduced in 2007, remains one of the top selling phones in the smartphone market.

Hon Hai Precision Industries and Pegatron Corp of Taiwan will manufacture the new iPhone and have been told to increase capacity to up to 45 million units, according to reports.

Shares of Apple rose 0.6% to $405.66 on Nasdaq on Tuesday.

They've come along way since the days of their first product.

The Apple I, Apple's first product, was sold as an assembled circuit board and lacked basic features such as a keyboard, monitor, and case. The owner of this unit added a keyboard and a wooden case.

Apple was established on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, to sell the Apple I personal computer kit. They were hand-built by Wozniak and first shown to the public at the Homebrew Computer Club. The Apple I was sold as a motherboard (with CPU, RAM, and basic textual-video chips)—less than what is today considered a complete personal computer. The Apple I went on sale in July 1976 and was market-priced at $666.66 ($2,572 in 2011 dollars, adjusted for inflation.)

Apple was incorporated January 3, 1977 without Wayne, who sold his share of the company back to Jobs and Wozniak for $800. Multi-millionaire Mike Markkula provided essential business expertise and funding of $250,000 during the incorporation of Apple.

Update: Ok, so it's called a 4S and not all that. RIP Steve Jobs, a pioneer and a visionary.