It's being speculated that Apple may be moving to a semi-annual release cycle for its products which would see the iPhone and iPad receive one major and one minor update each year.
Over the past 24-48 hours Apple has reportedly made large cuts to its orders with iPhone component suppliers leading to another big dip in the company's stock.
Apple today announced iPhone 5 will be available in South Korea on Friday, December 7, with more than 50 additional countries being added in December, including Brazil, Russia and Taiwan.
Merrill Lynch's Scott Craig says speculation is heightening that T-Mobile (Deutsche Telecom) could announce a deal to carry the iPhone at next week's analysts day.