iTunes 10.1 Coming Today, iOS 4.2 on Friday?

A trusted source inside AT&T told MacStories that Apple is planning to release iOS 4.2 on Friday as a major update for all iPhones, iPads and iPod touches at 10:00 AM PST. Lots of people expected that iOS 4.2 would be released yesterday but actually, iOS 4.2 needs iTunes 10.1 and Mac OS 10.6.5.

iOS 4.2 depends on iTunes 10.1 and Mac OS X 10.6.5 for its AirPlay and AirPrint functionalities, respectively. So, the reports about iOS 4.2 on November 12th should be believed now. We'll keep you updated as soon as iTunes is available followed by iOS 4.2.