The much-awaited Apple Inc.(NASDAQ:AAPL)’s iPhone has finally been unveiled with a larger 4-inch screen, faster processors, and access to faster-than-ever wireless networks. The device is lightweight and will be priced between $199 and $399. The phone will have a glass and aluminum casing along with additional features such as three-dimensional mapping, closer integration with Facebook and improvements on the Siri voice-recognition feature. A higher version of Apple’s iPod Touch wireless music players was also announced.
Wu, an analyst at Sterne Agee & Leach Inc. has said that the phone will probably be one of the best selling products in the smarphone market this year due to the upgraded features, better wireless speeds and the large screen. Till date, Apple has stuck to the tradition of unveiling one iPhone in a year. Since 2007, more than 244 units have been sold, which has put the company value above $620 billion – the world’s most expensive organization!
iPhone 5 is incorporated with long-term evolution or LTE, data networks introduced by carriers such as Verizon and AT&T. Google’s Motorola Mobility and Samsung also manufacture sets running on LTE, which provides faster video, music, and content downloads as compared to existing wireless networks.
Orders for iPhone 5 are already pouring in and the phone will hit the shelves on September 21. Gene Munster, an analyst at Piper Jaffray Cos has predicted that 10 million units might be sold by the month end whereas Bloomberg analysts say that December will record a revenue of 48.2 million for the company.
The rivalry between Google and Apple took a new turn as Apple launched its own mapping software and removed the YouTube application of Google from the pre-installed apps on the iPhone. The launch of iPhone 5 may prove to be a blessing for suppliers that manufacture iPhone components such as the microprocessor and the chips used to connect to wireless networks.