Anticipated iPhone 5 Release Expected to Kick Off Holiday Shopping Season

After weeks of speculation, anticipation and a dose of hype, Apple is widely expected to announce a new smartphone at an event in San Francisco on Wednesday.

Apple isn't saying anything about the topic of the event, but the email invitation it sent to reporters contains a shadow in the shape of a "5"—a nod to the iPhone 5. It is being held in San Francisco at Yerba Buena Center for the Arts Theater, where Apple has held many product launches.

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