Apple Inc. invited reporters to an event on October 4th. It is anticipated that this is where they will announce the redesigned iPhone 5.

The iPhone 5 is said to have a larger screen and thinner design and will be sold between $199/$299. It is estimated that 25 million iPhones will be sold at years end, after the announcement.

iPhone has been a hit with consumers since the release of the iPhone 4. It has helped Apple’s profit hit record numbers. Although, the iPhone sales are very small compared to Android, which takes up 43% of the market. No worries though, the new iPhone 5 will follow in the same steps of the iPhone 4, and draw eager customers to the stores on the release date.

Tags: Apple Announcement iPhone 5, Apple event, iPhone 5 release date, iPhone Sales, Android device market share, Apple iPhone sales