Apple To Debut 3G iPhone By Mid-2008 -CNBC

NEW YORK -(Dow Jones)- Apple Inc.'s (AAPL) new 3G iPhone is set to hit store shelves by late May or early June 2008, CNBC reported Thursday, citing a source close to Asian manufactures that are working with Apple.

The iPod Touch is also selling better than expected during the holiday season. A factory working with Apple is increasing production of the iPod Touch for the current quarter to 5.1 million units, the network reported.

Apple will also unveil a new sub-portable MacBook Pro at MacWorld in January. The ultra-portable laptop is expected to be 50% thinner than the existing MacBook, and will contain flash-based memory instead of a disc drive.

Shares of Apple were up 2% to $189.12 in recent trading.

-Steven Russolillo, Dow Jones Newswires