Apple (Nasdaq: AAPL) finally revealed its long-awaited iPhone 5 on Wednesday. With its larger, four-inch screen, the smartphone represents the company’s first major redesign of the popular device. It also packs a longer-lasting battery, a new connector, LTE data capabilities and a faster processor.
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When it comes to hardware specifications, however, the iPhone 5 still isn’t the best on the market.
Of course, that doesn’t matter one bit.
As Louis Basenese pointed out this morning, no matter what, “Apple’s iPhone is an increasingly big deal. Each launch adds millions upon millions of users to its customer base.”
Hardware features just can’t measure up to a solid user experience, something that Google (Nasdaq: GOOG) seems to have just now realized with its latest version of Android.
Scott Sutherland of Wedbush Securities agrees: “We are nine days away from seeing those lines at the Apple stores and AT&T and Verizon stores. Then a few days later we are going to start talking about how many devices sold in the opening weekend and maybe in the nine to 10 days that closed out the quarter. I think they will set records versus the iPhone 4S, and I think the stock is going to… start another march forward.”