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Apple’s admission of its redesigned iPhone will analysis afresh its high-stakes action of once-a-year upgrades for a artefact that accounts for about 70% of the company’s profits.

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The phone, to be alien tomorrow by CEO Tim Cook, will apparently accept a new accouterments design, including a bigger awning and thinner body, as able-bodied as new mapping software and affinity with speedier next-generation abstracts networks. Analysts adumbrate the latest iPhone may be amid the better consumer-electronics releases in history. Still, Apple’s assurance on the accessory leaves Mr. Cook little allowance for error.

“The iPhone is the make-or-break artefact for Apple,” said Sarah Rotman Epps, a mobile-phone industry analyst at Forrester Research. “Apple has the actual lead, but to break on top they charge to accumulate innovating.” Apple could advertise as abounding as 10 actor iPhones by the end of September alone, according to Gene Munster, an analyst at Piper Jaffray Cos. By contrast, it took Samsung Electronics Co. about 50 canicule to advertise 10 actor of its flagship Galaxy S III smartphone.

“Until they do article absolutely unimpressive, which I don’t see accident this time around, Apple has a austere hit on its hands,” said Ramon Llamas, chief analysis analyst at IDC.

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About one year removed from the afterlife of Apple co-founder Steve Jobs, the newest iPhone faces a growing army of competitors attractive to grab a allotment of a smartphone bazaar that Bloomberg Industries estimates was annual $219.1 billion aftermost year. Samsung, Google’s Motorola Mobility, Nokia Oyj and HTC are amid those demography aim at Apple by introducing dozens of new accessories anniversary year, instead of aloof one.

The new iPhone will be Apple’s aboriginal change to the handset’s accouterments architecture back 2010, adopting apprehension amid barter who accept been captivation off on affairs a new smartphone.

The aggregation garnered 43% of its $108.2 billion in sales aftermost year from the iPhone. And because wireless carriers such as AT&T and Verizon angel the about $620 Apple gets for anniversary iPhone sale, the accessory accounts for about 70% of its profits, according to Sanford C. Bernstein & Co. IPhone sales aftermost division abandoned accomplished $16.2 billion, 33% college than Google’s absolute sales and about as abundant as Microsoft’s $18.1 billion.

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Apple’s new iPhone could accord as abundant as a bisected a allotment point to U.S. bread-and-er advance in the fourth quarter, according to analysts at JPMorgan Chase & Co.

IPhone sales additionally are what investors watch the best closely. Apple’s shares fell in July afterwards the aggregation appear black sales of the handset. The shares accept back recovered advanced of the new iPhone release, accepting 64% so far this year.

“A lot is benumbed on this,” said Chris Jones, an analyst at market-research close Canalys. “They accept to accomplish abiding it’s as acceptable as bodies expect.”

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Apple’s once-a-year iPhone addition additionally helps body apprehension for anniversary upgrade, with annual outlets and websites apperception about what new designs and appearance will be unveiled. Glyde Corp. and Gazelle, two companies that facilitate the trade-in of beforehand gadgets, said they’ve apparent a billow in business in contempo weeks as bodies attending to advanced to advance to the newest iPhone.

Supply ChallengeOne of the better challenges for Apple may be accomplishment abundant accessories to accumulate up with demand. Shortages from awning manufacturers LG Display Co. and Japan Display K.K. may absolute how abounding iPhones Apple can ship, according to Barclays. That may arrest Apple’s adeptness to advertise about 50 actor iPhones by December, as abounding analysts accept predicted.

Apple’s accident starts at 10 a.m. bounded time at the Yerba Buena Center for the Arts Theater in city San Francisco. It will be the company’s aboriginal iPhone addition back Mr. Jobs died aftermost October on the day afterwards the iPhone 4S was unveiled.

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With the newest iPhone, Apple will attack to antithesis giving absolute barter a architecture altered abundant from antecedent models to affect purchases, while additionally actual accurate to the appearance that has fabricated it a bazaar baton amid first-time buyers, said IDC’s Mr. Llamas. Adding a bigger awning will be a analytical new affection for consumers who appetite to use their phones for basal tasks that were already completed on laptops and claimed computers, he said.

Abstracts demands of new iPhone users could additionally put a ache on adaptable abstracts networks actuality alien by wireless carriers such as Verizon and AT&T. Known as abiding evolution, or LTE, the communications technology allows users to watch video, beck music or accomplish added data-intensive tasks at a faster acceleration than absolute 3G networks.

“Apple is activity to advertise a lot of LTE phones. If the arrangement doesn’t perform, it could put a billow over LTE,” said Walter Piecyk, an analyst at BTIG LLC. “The arrangement operators will say the networks are ready, but in wireless, you never absolutely know.”

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Apple previewed some new software appearance for iPhone’s operating arrangement in June, including a affiliation with Facebook that allows associates to bound column photos, comments and added agreeable to the world’s better amusing network. Apple additionally has congenital its own mapping software that will alter Google’s technology, as able-bodied as a new affection for accumulation all of a user’s agenda adherence and allowance cards.

The software upgrades will accord developers new accoutrement for authoritative arcade and aeronautics applications as able-bodied as others for Apple’s App Store, said Matt Murphy, a accomplice at adventure basic close Kleiner Perkins Caufield & Byers.

“There are a ton of developers that are actual excited,” said Mr. Murphy, whose close invests in companies that accomplish iPhone applications.

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To get advanced of Apple’s iPhone event, Nokia and Motorola alien a calendar of new smartphones aftermost anniversary with appearance such as edge-to-edge screens and a spring-mounted camera for steadier pictures. Samsung, which uses Google’s Android adaptable operating arrangement and offers several altered models, has emerged as Apple’s better adversary in smartphones. The South Korean manufacturer, which is additionally one of Apple’s better suppliers of components, accounted for 19.1% of all-around smartphone shipments aftermost year, compared with Apple’s 18.8%, according to Bloomberg Industries data. Samsung said aftermost anniversary that it has awash 20 actor Galaxy S IIIs.

The two companies additionally are aggressive in court, with Apple acceptable a added than $1 billion adjudication aftermost ages from a California jury, which said that Samsung affected the iPhone’s design. Samsung said it will appeal. Apple, Samsung and abate rivals are antagonism to win over barter who will be advance to smartphones from beforehand phones. By 2013, smartphones will for the aboriginal time annual for the majority of all-around mobile-phone shipments, two years beforehand than expected, according to IHS.

Apple’s growing acceptance in China and abroad alfresco the U.S., as able-bodied as its congenital fan base, will advice accomplish the new iPhone one of technology’s better debuts, said Canalys’s Mr. Jones.

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