The new iPhone has been announced, but it comes with a price tag of $200 for a 16GB model with a cellular plan.
One could see this as a major expense, and possibly not worth upgrading to.
Here is a list of the potential savings one could have by purchasing the iPhone 5.
The new features on the phone mean that some technology in life might become obsolete and unnecessary.
Description: The new iPhone's A6 processor means it's twice as fast with both CPU and graphics. That makes for better gaming.
Description: The phone's new camera has a 8MP sensor, Dynamic low-light mode, precision lens alignment and a f/2.4 aperture. It also has spatial noise reduction, 40 percent faster photo capture and a panorama assist.
Description: The 1080p video settings now have more stabilization and facial recognition. The front facing camera is now 720p.
Description: The iPhone 5 comes with new microphone-equipped headphones that cancel out noise on both sending and receiving ends. That means less money spent on noise canceling headsets with microphones.
Description: Apple Maps, the newest navigation app on the iPhone 5, has turn-by-turn directions. This makes it easy to justify getting rid of that old Tom Tom with the funny voice.
Description: Of course the iPhone also acts as an MP3 player, which means buying or owning one is no longer necessary. There are also other altenatives to buying music, like Spotify and Pandora.
Description: With a larger screen, the new iPhone is better equipped for video viewing. Most portable video systems become unneccessary if you're wlling to give up on size.