Later in the year, Apple is expected to release the next version of its iPhone, which may be its biggest product launch ever. The hype surrounding the iPhone 5 (as it's currently known), is surging as we get closer to a rumored September or October release date. "We believe the iPhone 5 in October will represent the biggest consumer electronics product launch of 2012 as well as the biggest device upgrade cycle in smartphone history," said Piper Jaffray's Munster, in a recent note.

The next six months for Apple are potentially the most important in the company's history, as Tim Cook continues to steward the ship following the death of Steve Jobs. The world will be watching and waiting with baited breath for the latest "one more thing."

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-- Written by Chris Ciaccia in New York

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