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Apple set to launch iPhone 5, iPad 3

Apple Inc. is planning to launch both the new iPhone 5 and the iPad 3 in October. Companies in the Asian nation that are part of the supply chain for making the iPhone 5 and iPad 3 have started preparations to supply materials for the production of the two devices. Apple is said to release the products in September before they hit store shelves around the world in October.

"The sources pointed out that the iPhone 5's supply volume is estimated to be around 6- 7 million units in the third quarter and with the addition of iPhone 4 shipments, total iPhone shipments in the quarter will reach 24-25 million units with volumes to maintain at the same level in the fourth quarter. In 2011, Apple is forecasted to ship over 85 million iPhones," A report states.

It also reports that total iPad shipments in 2011 have a chance at surpassing 40 million units globally.