Apple Inc is all set to introduce its iPhone 5 at a special event next week.
Xinhua reported on Tuesday that the invitation-only event will be held Oct 4 at Apple campus in Cupertino, California.
This could be the first big product launch by the newly installed chief executive officer Tim Cook after he took over the reins of Apple from Steve Jobs in August.
According to US media reports, the iPhone 5 is expected to have a larger screen, a higher resolution camera and a faster dual-core A5 chip on which the iPad 2 runs.
Apple is also reported to release a contract-free and low-cost iPhone model bundled with its cloud computing service iCloud.
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