The iPhone was Apple’s top-selling product last quarter, which took $5.45 billion in sales, or 40 % of revenue. Apple Inc may plan to uncover the successor of its highly appreciated product iPhone this June. Apple Inc CEO Steve Jobs will be addressing the company’s Worldwide Developers Conference to be held in June and the news much likely will be revealed then.

According to Willian Kreher(St Louis-based analyst at Edward Jones & Co), the company will introduce the new hardware i.e the latest iPhone. WWDC is known for the product introduction and this time it will be the new iphone. Steve will kick off the meeting on June 7 which will be till 7 days.

Since the release of iPhone in June 2007, Apple has presented a new version every summer. In July 2008, the iPhone 3G went for sale which was then followed by another upgraded version in June 2009.