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The Fast Company reader's essential source for breaking news and innovation from around the web--updated all day. Tumblr's Insane Growth "Exponential" growth is a term often bantered around with little mathematical accuracy

Apple may be changing its usual iPhone update schedule to the fall, instead of a pre-summer launch in June/July--the news has popped up multiple times, and a source familiar with Apple's plans has also confirmed it with Fast Company. But Apple is a company that thrives on PR excitement...and the big hole in the update schedule before the iPhone 5 arrives could damage sales