A customer uses his new iPhone 4S after making the purchase at Apple's flagship retail store in San Francisco
With rumors swirling that the next generation iPhone will have a Sept. 12 release date and hit stores on Sept. 21, many are wondering what they can do with their old iPhone or recently purchased iPhone. But Gazelle, one of the nation's largest consumer electronics trade-in site, has the answer. Gazelle will extend its iPhone buyback deal with the current August price locked in until October so that consumers can take advantage of the highly anticipated new iPhone. But how exactly does a customer go about trading in their old phone?REUTERS

It seems Apple Inc is eyeing something big and special after its iPhone 4S and new iPad which hit the stores recently. Apple's iOS 5.1 code has hints that it is working on a 4G LTE iPhone.

It is reported that Apple's iOS 5.1 codes show a series of commands that gives out a clear message that the new iPhone will be 4G-ready.

A South Korean media has reported that Apple Inc's new iPhone with a sharper and bigger 4.6-inch retina display will be launched in the second quarters.