He expects the new version to have a higher resolution screen, a much faster processor, Siri voice software and 4G LTE wireless.

FORBES: Apple: Sterne Agee Boosts Target On Pending iPad Announcement

The company said its 4G LTE wireless network now covers 200 million people, about two-thirds of the country, with service in 230 cities.

FORBES: Verizon Q1 Edges Estimates

Announced September 12, the iPhone 5 features a bigger screen, lighter and slimmer frame, faster processor and, for the first time, 4G LTE wireless connections.

CNN: iPhone 5: The wait is over