The new iPhone will not be announced at WWDC rather Steve Jobs will return to announce it in late June, according to a report by Piper Jaffray’s Gene Munster.

Apple just recently announced that Phil Schiller would lead the WWDC keynote and Munster believes that this address will focus only on iPhone 3.0 and Mac OS X Snow Leopard.

“Although this may raise some concern among investors that Steve Jobs will not return [at all],” wrote Munster, “we continue to expect his return to the company by the end of June.”

Munster believes that a second event is in store which will be jam packed with news.

“We expect Apple to host a special event in late June or early July to launch a family of iPhones. We continue to expect multiple models, possibly a high-end iPhone with improved specs from the current version and a low-end version with lower capacity and fewer features along with a reduced pricing plan. Such a model could also be used in Apple’s launch of the iPhone into China as soon as the end of summer ‘09.

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