Apple just released iOS 4.2.1 few days back and they are planning to launch iOS 4.3.

Yes guys you heard us right Apple is working on IOS 4.3 which they will released in mid of December. The reason behind it is that there is this News Corp which is iPad-only newspaper.

“News Corp. has spent the last three months assembling a newsroom that will soon be about 100 staffers strong. The Daily will launch in beta mode sometime around Christmas, and will be introduced to the public on the iPad and other tablet devices in early 2011. It is expected to cost 99 cents a week, or about $4.25 a month. It will come out — as the name suggests — seven days a week. The operation is currently working out of the 26th floor of the News Corp. Building on Sixth Avenue in a space that looks like a veritable construction zone. The staff’s permanent home will be on the ninth floor, and they’ll move down once it’s ready.”

The thing really interesting is the role Apple and iOS are going to play. Recurring subscriptions for newspapers might be implemented on a server-side level, on iTunes’ backend, but Gruber speculated they may also require an iOS update to support subscription billing APIs. It is possible that News Corp’s engineers and developers have already been provided these APIs, but it’s important to specify that, according to the rumors, Apple isn’t building an “iNewstand”: instead, it’s a brand new recurring subscription for App Store apps. The Daily will likely be the first app to support it, and this should be announced with a media event.

When Apple didn’t know about the Wi-Fi issues in IOS 4.2, it was scheduled to released weeks before 22nd November 2010. When they found the Wi-Fi issue so they released iOS 4.2 GMB. Apple was already planning to release a new build of iOS in December. They were most probably planning for an iOS 4.3.
The date which we came to know is 13th December 2010.

We will post more updates as soon as they are out.