Apple Launches iPhone 5

Tech giant Apple has officially launched the iPhone 5 after months of speculations on when the new Apple product would come out. Apple head Tim Cook was the one who unveiled the new product.

iPhone 5 officially goes on sale in the country by September 21. It features 4G wireless technology, a bigger screen and retina display. The company hopes that the new iPhone would help Apple edge its competitor Samsung.

Some industry experts, however, are wary of the new iPhone. Michael Yoshikami said there is not enough ‘wow’ factor with the new device although the features are adequate. Yoshikami is chief executive of Destination Wealth Management.

Wall Street also appears to be satisfied. Apple shares remain the same unlike some predictions that shares would jump significantly after the launch. In the last few weeks, Apple has been trading in record highs.

Apple shares closed at US$669.79, with an increase of just 1.4 percent.

Now that the iPhone 5 has been officially launched, industry observers are now asking what would be the next big thing for Apple. Aside from iPhone 5, netizens are also looking forward to the launch of the much-rumored Apple TV and an upgraded iPad.

One netizen said it would be nice to see an iPad Mini especially if this would be launched in time for the holidays.

About 10 to 12 million iPhone 5 are expected to be sold this month alone. Hong Kong, Japan, France, Germany, Canada, and Australia are just some of the first countries where iPhone 5 would be available. More countries would be added in the list one week after.