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The Apple logo is pictured outside the Apple store in Santa Monica, California Aug. 24, 2011.

Mario Anzuoni/Reuters/Mario Anzuoni/Reuters

Expectations are rising for the next generation of the Apple iPhone. All Things Digital has a roundup of some recent rumours surrounding the iPhone 5, noting that one of Apple Inc.'s manufacturing partners is producing 150,000 iPhones a day, and is schedule to produce a total of 6 million of the mobile devices in September alone.

An analyst at BTIG estimates that Apple will sell 21.5 million iPhone 5s in the fourth quarter alone – and potentially far more if it adds Sprint as another carrier in the United States. Apple hasn't yet announced when the new device will be launched, but the scuttlebutt is some time in October.

Apple shares have been riding the same roller coaster as the rest of the stock market over the past month or so. Since hitting a high of $404.50 in late July, they fell below $355 in August. They have since recovered most of that lost ground and are currently up 3 per cent since Steve Jobs resigned as the company's chief executive in late August, raising concerns about whether Apple can continue to produce popular leading edge consumer technology devices.

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Year-to-date, though, Apple has been a star, with the shares up 20 per cent, versus a 4.9 per cent decline for the broad S&P 500.

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About the Author
Investing Reporter

David Berman has been writing about business and investing since 1995. He has written for a number of magazines, including Canadian Business and MoneySense. He worked at the Financial Post as an investing writer and daily columnist before moving to the Globe and Mail in 2008. More

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