San Francisco: Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to safeguard its edge over rivals like Samsung Electronics Co Ltd and Google Inc. Read more: Apple launches slimmer, better iPhone 5 "There is not a wow factor because everything you saw today is evolutionary. I do think they did enough to satisfy," said Michael Yoshikami, Chief Executive of wealth management company Destination Wealth Management. Read more: Why the iPhone needs to leave a mark? (Agencies)
The iPhone 5 fulfilled many of the expectations laid out by gadget geeks and technology analysts ahead of its Wednesday unveiling but offered few surprises to give Apple shares - already near record highs - another major kick.
Other industry analysts speculated about what else was in Apple's product pipeline ahead of the crucial year-end holiday season, especially since the company stayed mum about an oft-rumored TV device or a smaller iPad.
The consumer electronics giant that in 2010 popularised tablet computing with the iPad has given no hints on whether it plans a smaller version to match cheaper tablets from the likes of Google or Amazon.com Inc.
"We would really like to see the iPad Mini in the product offering for the all-important holiday quarter. They still have time," said Channing Smith, Co-Manager of the Capital Advisors Growth Fund. "As soon as we see that, we will have more conviction about the stock heading into the final quarter."
MARKET COMPETITION HEATS UP
The latest iPhone comes as Apple faces competition beyond current key competitors Samsung and Google. Late entrant Microsoft Corp is now trying to push its Windows Phone 8 operating system as an alternative to Apple and Android, the most-used smartphone operating system in the world.
Analysts have forecast sales of 10-12 million of the new iPhones in this month alone.
Apple Chief Executive Tim Cook kicked off the event in San Francisco's Yerba Buena Centre but it was Marketing Chief Phil Schiller who introduced the iPhone 5 and took the audience through the new phone's features.
The iPhone 5 sports a 4-inch "retina" display, can surf a high-speed 4G LTE wireless network, and is 20 percent lighter than the previous iPhone 4S.
CEDING A LEAD
It ships September 21 in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and Britain. It will hit 100 countries by year's end in the fastest international rollout for an iPhone so far.
The stakes are high with the iPhone, Apple's marque product, accounting for nearly half its revenue. The California-company has sold more than 243 million iPhones since 2007, when the device ushered in the current applications ecosystem model.
But Samsung now leads the smartphone market with a 32.6 percent share followed by Apple with 17 percent, according to market research firm IDC. Both saw shipments rise compared to a year ago, with Samsung riding its flagship Galaxy S III phone.
Available for pre-order on Friday starting from $199 with a data plan, the iPhone 5 comes with Apple's newest "A6" processor, which executives said runs twice as fast as the previous generation. It will pack three microphones - enhancing built-in voice assistant Siri - and an 8 megapixel camera that can take panoramic views.
While Apple played catch-up on many of the new phone's features - Samsung and Google's Motorola already have larger and 4G-ready phones - analysts say the device's attraction is the way its software and hardware work in tandem.
DOES THE NEW IPHONE DAZZLE?
The team then moved on to a new lineup of iPods, a redesigned iTunes store and ended with a surprise performance by rock band Foo Fighters. Apple executives in the front row could be seen rocking their heads to "Times Like These" and other hits.
For the iPhone 5, Apple has done away with the connectors used on previous devices and replaced them with a smaller and more efficient "Lightning" connector.
Siri has been improved. In an onstage demonstration, Siri was able to answer questions about the result of a recent pro football game and recite a list of movies playing around town, along with ratings.
Earlier, Cook told the audience that its apps store now has more than 700,000 on tap - the industry's largest library.
"When you look at each of these, they are incredible industry-leading innovations by themselves. But what sets them apart, and what places Apple way out in front of the competition, is how they work so well together," Cook said toward the end of the two-hour presentation.
San Francisco: Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to safeguard its edge over rivals like Samsung Electronics Co Ltd and Google Inc.
Read more: Apple launches slimmer, better iPhone 5
"There is not a wow factor because everything you saw today is evolutionary. I do think they did enough to satisfy," said Michael Yoshikami, Chief Executive of wealth management company Destination Wealth Management.
Read more: Why the iPhone needs to leave a mark?