NEW YORK (CNNMoney) -- Apple confirmed Tuesday that it will hold a press event on Oct. 4 at its Cupertino, Calif., headquarters. Expected to be the star attraction: The long-awaited iPhone 5.

It's been 15 months since Apple's iPhone 4 went on sale, making this lag between new models the longest since the iPhone debuted in 2007.

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As always, the next-generation iPhone has been the subject of intense speculation. Almost daily, blogs and news agencies offer up new tidbits based on supposed leaks from hardware component makers or iPhone case designers to glean any information about what the next device could look like.

The dominant rumors for the next iPhone involve an 8-megapixel camera, longer battery life, a faster processor and availability on the Sprint (S, Fortune 500) network. Others have claimed that the device will have a larger screen, a curved display, no home button, support for 4G networks, and more memory.

COMMENT: oh yeah the new Iphone is coming and I hope tthat the new Ipod too so I can buy it and have the new system of the apple I hope that the Ipod is amazing and i can play the new games and use all the applications of the Ipod so I am waiting to buy it.