Apple Inc.'s Senior Vice President Phillip Schiller introducing the iPhone 5. (Photo : Reuters)
Apple has officially confirmed that the iPhone 5 will ship at prices identical to the iPhone 4S, a rumor that Latinos Post reported on September 7. The 16GB will sell for $199, the 32GB for $299, and the 64GB for $399. In other pricing news, Apple has discontinued the iPhone 3GS, made the iPhone 4 free with a contract, and reduced the cost of the iPhone 4S to $99.
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Simialr to the iPhone 4S, the entry level iPhone 5 costs $649 without a contract.
In an effort to beat Apple to the punch, Amazon put the Samsung Galaxy S3 on sale for $99.99 with a contract on Tuesday. The Galaxy's original list price on the retail site was $699.99. The sale requires consumers to sign up for a new individual or family activation to take advantage of the deal.
Endgadget asserts that the deal will be available for a "very limited time only."
Most carriers offer the Samsung Galaxy S3's base model for $199.99 with a two-year contract.
The iPhone 5's competition also includes the HTC One X, Lumia 920, and Galaxy Nexus.
The HTC One X is currently listed with a price of $89.99, and the Galaxy Nexus at $49.99 with a contract.
The iPhone 5 will feature a new A6 chip processor, a new "lightening" 8-pin connector, improved battery life over the iPhone 4S, 4G LTE, a build made of glass and aluminum, and is 7.6mm thin. Apple's device will also sport a new 4-inch screen that displays at 1136 x 640 pixels with a 16 x 9 aspect ratio.
Pre-orders start on Friday September 14, and the device will ship next Friday on September 21.