iPhone 5 has finally arrived; starting price at $199

Apple’s highly-anticipated sixth-generation iPhone 5 has finally been showcased at the Yerba Buena Center for the Arts in San Francisco.

Updated: Sep 13, 2012, 10:39 AM IST

Zeebiz Bureau

New York: Apple’s highly-anticipated sixth-generation iPhone 5 has finally been showcased at the Yerba Buena Center for the Arts in San Francisco.

The new iPhone price will be USD 199 for 16GB, USD 299 for 32 GB and USD 399 for 64 GB.

"It's an amazing time at Apple, an extraordinary time," said Apple chief executive Timothy D. Cook as he walked on stage, wearing a black button-down and blue jeans somewhat like Apple's co-founder Steve Jobs who always wore his trademark black turtleneck and jeans.

The new machine has speedier innards, thanks to a new A6 chip designed by Apple. The chip is twice as fast in terms of CPU and graphics, he said. "Not only is it a jump forward in performance, it's 22 percent smaller."

The iPhone 5 has chips that support additional bands and frequencies and it's capable of delivering up to 100 Mbps per second, Schiller said announcing the carrier partners for the new iPhone: AT&T, Verizon, Sprint, Telefonica, among others.

The roomier screen of the iPhone 5, which has 40 percent more colour saturation, can be used by apps makers to provide most accurate display in the industry.According to analysts, the new iPhone could hit the 10 million sales mark in its first week.

Some reports suggest that the new phone will reportedly go on sale on Friday, September 21.

With that date in mind, Piper Jaffray analyst Gene Munster projects iPhone 5 sales of anywhere from 6 million to 10 million, CNET reports.

According to the report, last year, Apple sold 4 million iPhone 4S units during that phone's first three-day weekend in October.

The analyst predicts that a full 10 million in sales over a little more than one week seems attainable this year, as long as there's enough supply to meet demand.

Overall, the analyst is eying total iPhone sales of at least 26 million units for the full September quarter, higher than the average Wall Street estimate of 22 million to 23 million, the report said.

Apple has reportedly slashed its memory chip orders from Samsung for the upcoming next-generation iPhone, in a bid to reduce its reliance on the rival Korean mobile manufacturer.

Samsung has been a core supplier of Apple, producing micro processors, flat screens and memory chips for the iPhone, iPad and iPod.

Sources revealed that Apple has been cutting its orders from Samsung in a bid to diversify its lines of supply for memory chips.

Samsung, however, remains on the list of initial suppliers for the first batch of the new iPhone, the Telegraph reports.

According to the paper, Apple has apparently picked Japan's Toshiba Corp, Elpida Memory and Korea's SK Hynix to supply DRAM and NAND chips.

The source denied claims that the reduced orders from Apple were due to a souring relationship between the two companies who are locked in patent disputes in various countries.

Rival Samsung has decided to sue the company for patent infringement over its reported use of long-term evolution (LTE) connectivity.

Reports have it that Samsung holds numerous patents for the fourth-generation wireless networking which apparently iPhone 5 will feature.

With Agency Inputs