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Apple finaly shows the new iPhone 5

iphone 5

The long wait is finally over as Apple reveals the latest model of iPhone, the iPhone 5. 

It was Apple CEO Tim Cook who spoke in an Apple’s special event to announce the new iPhone 5 at the Yerba Buena Center for the Arts in San Francisco on Wednesday.

The schedule of its release is set on Sept. 21. It appears to be the slimmest, lightest, fastest and most powerful phone ever built.

Analysts believe  that Apple will be able to sell tens of millions of the new device. The iPhone5 will begin  at $199 with a two-year wireless contract. The phone will be released Sept. 21, and customers can already make their  pre-ordering Friday.

Shares of Apple has increased to  $9.20, or 1.4%, to close at $669.79 on Wednesday.

Will iPhone 5 bar its rising smarthphone competitor from catching up?