According to the Wall Street Journal, Apple plans to reveal a new IPhone,
Apple plans to release a new version of its current iPhone this summer, continuing its practice of annual upgrades at about the same time of year, said people briefed on the matter. The model is likely to be thinner and have a faster processor, two people familiar with the device said.
Every summer since 2007, Apple has released a newer, better IPhone. The reason- more revenue. IPhone fanatics will die to have the latest, greatest IPhone, and Apple feeds off these customers and laughs all the way to the bank. As I see it, the new slimmer IPhone will be even easier to lose because it may slip out of the pocket.
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