Several friends have asked me if I want to get the new iPhone 5, and I've told them "No", which seems to be a surprise. It shouldn't be. My iPhone 4S is doing just fine, with a little over 12 months left on its contract. I'm happy with it, and it gets most of the software driven features of the new phone on 19th September when iOS 6 rolls out. I've always viewed smartphones as having a two year upgrade cycle. I don't remember an iOS device that has had a really compelling upgrade argument after just a year (except maybe the iPhone 3G); most people wait for their new contract to come up and the two year technology jump is usually significant.
The iPhone 5 has also pretty much got rid of my urge for an iPad 3 to replace my original iPad. As I'd expect the next tablet I get to last 2-3 years, I'm waiting for one with the new Lightning adaptor so my next phone and iPad will be aligned.
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