You can set number of products to be displayed in new product module in your new.phtml file. Find:

<?php $i=0; foreach ($_products->getItems() as $_product): ?>

and add above, so the code looks like this:

<?$_products->setOrder(’news_from_date’)->setPageSize(6)->setCurPage(1);?>
<?php $i=0; foreach ($_products->getItems() as $_product): ?>

Set the number (6) as you like.

On the other hand you can set this number in administration on home cms page. Under Custom desing set the code for new products to look like this:

<reference name=”content”>
<block type=”catalog/product_new” name=”home.new” alias=”product_new” template=”catalog/product/new.phtml”>
<action method=”setProductsCount”><count>8</count></action>
<action method=”addPriceBlockType”>
<type>bundle</type>
<block>bundle/catalog_product_price</block>
<template>bundle/catalog/product/price.phtml</template>
</action>
</block>
</reference>

Just set the number in tags.

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