The iPhone 5 is a great device but is on the higher end price wise being $579.55 for 16 gigabyte model with a contract.The iPhone 5 comes in 8, 16, 32, 64, and even 128 gigabytes! It is stunningly larger than the previous iPhone model (the iPhone 4s) and a great deal faster. It isn't to much of a physical difference beside the larger screen from the iPhone 4s but it does have a few internal upgrades. It does run on the A6 chip rather than on and outdated chip. It also has the usual iSight camera upgrade making it better quality pictures. Overall it's a great phone at a little more expensive price tag but its totally worth it!