The new Apple iPhone 5. (Photo : Apple)
So it's finally here. After months of speculation and rumors, the iPhone 5 has finally been officially announced. Apple's iPhone 5 website states that it is "The biggest thing to happen to iPhone since iPhone." Usually companies exaggerate their devices, but Apple just may be right on this one.
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Set to debut in the United States on September 21, the iPhone 5 is one of the most heavily anticipated electronics devices of all time. An analyst has even predicted that Apple's iPhone could surpass 10 million sales in the first week. That's half of what the Galaxy S3 has sold worldwide in 100 days - in one week. And that's Samsung's best-selling smartphone of all time, according to a company blog post. "
Given that the iPhone 4S received over one million pre-orders in the first 24 hours, we expect at least 1.3 million to 1.5 million pre-orders for the iPhone 5," said Brian White, a Topeka analyst.
Gene Munster, from Piper Jaffray, was far more ambitious, stating that the next-gen Apple handset could sell as much as 6 to 10 million units in its first three days.
"There is no question iPhone 5 will be the largest consumer electronics launch in history. Given the hardware redesign it will likely crush previous iPhone launch sale," Munster said.
According to website PC-tablet, Apple sold over one million of the iPhone 3GS in its first weekend, and more than two million of the iPhone 4S in its first weekend.
More likely than not, Apple's device looks like it will live up to expectations. As the smartphone market is becoming increasingly large, the iPhone 5 looks poised to once again be the market's flagship device. Its redesign isn't radical (it still looks like an "iPhone"), but it looks as if there is enough improvement over the iPhone 4S there to keep consumers happy.
Of course, once September 21 hits, we will know just how much people really want the iPhone 5, and if all the internet speculating was justified.
The iPhone 5 will be available for pre-ordering on September 14. It will be offered through AT&T, Sprint, and Verizon in the United States and begin at $199. The new, redesigned iPhone 5 will feature a taller, but not wider 4-inch screen, Apple's new iOS 6, and 4G LTE connectivity along with a faster processor.