iPhone 5 to be released on 12 September 2012. New Apple phone costs similar to predecessor iPhone 4S

iPhone 5 is set for Sep. 12 release. Apple's latest product will feature same prices as iPhone 4S when released

According to international media, the iPhone 5 will be released at the same prices featured by iPhone 4S when hit the market in October 2011.

Apple is scheduled to hold a conference at Yeba Buena Arts Center in San Francisco on Wednesday, September 12, and fans are convinced that the company is launching the next generation of iPhones.
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iPhones 5 will be available at prices of 199 (16GB), 299 (32GB) and 399 (64GB) dollars, along with phone subscriptions for a two year period. Thus, iPhones 5 will have same price as iPhones 4S which was released in October 2011.