In a few hours from now, Apple will be unveiling the much talked-about Next Generation iPhone (more popularly known as iPhone 5) at their headquarters in 1 Infinite Loop, Cupertino.
The "iPhone 5" is expected to have a bigger touchscreen and faster processor than the current iPhone 4, but a source told Reuters that aside from a bigger touchscreen, the new generation iPhone also has better antenna and an 8-megapixel camera.
iPhone 4 sold more than 20 million units in the third quarter of the year alone, but Nielsen data show that iPhone's US market share in August was 28 percent, making it only second to Android's US market share.
The new Apple CEO Tim Cook is likely to take the stage at the launch. Apple co-founder Steve Jobs is also expected to make an appearance but according to Channing Smith, co-manager of the Capital Advisors Growth Fund which owns Apple shares, it wouldn't be critical if ever the former CEO wouldn't show up.