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Financial News Network
October 04, 2011 AT 10:53 AM
With the announcement less than 24 hours away, rumors are swirling about the much speculated Apple iPhone 4S and iPhone 5.The iPhone 4S will be the less expensive version of the iPhone 4 and after numerous leaked SKU line ups with iPhone models that are made of just plastic than glass and aluminum discovered in Brazil. Apple would entirely disrupt Google's (NASDAQ:GOOG) Android and Windows Phone 7 by selling the new phone for under $100. Also, the iPhone still packs enough processing power for most users.Although, unproven leaks aren't reliable.As for the iPhone 5, numerous thinner cases have been revealed throughout the previous months and allegedly created for the next iPhone. Every succeeding iPhone has been thinner than the prior and Apple likes to keep design cues stable between products and so the next iPhone will look like the iPad.Apple (NASDAQ:AAPL) has a potential upside of 33.1% based on a current price of $375.32 and an average consensus analyst price target of $499.57.