Analyst Gene Munster with Piper Jaffray expects that Apple plans to launch its sixth-generation iPhone before October of this year and with LTE 4G connectivity. Last year's iPhone 4S launch was uncharacteristic for Apple, which had previously introduced new handsets at its Worldwide Developers Conference in June.

"It is more likely the phone launches in October given Qualcomm commentary around 28nm chip supply," he said. "We believe Apple will include LTE in the iPhone 5 as an important feature in the product update."

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Samsung continues to escalate the fight with Apple and has filed recently a counterclaim against Apple, accusing the iPhone maker of violating eight patents.

The accusations by Samsung were officially filed in the Northern District California this week in response to a complaint filed by Apple in February. Apple's original complaint accused Samsung of violating 8 patents, and named 17 specific Samsung products that the company felt were infringing upon its own inventions.

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Sources indicate that Apple is planning to add new hardware solution to its Apple Store Geni