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iPhone 5 set to smash sales records - analyst

Published: 12:12PM Friday September 14, 2012 Source: ONE News

Apple should sell more than 10 million of its latest iPhone despite online squabbling about its new features, an analyst says.

Though the company unveiled the taller, lighter and faster iPhone 5 yesterday, critics have said since it lacks the "wow factor" and even shows signs of Apple playing "catchup" with the rest of the smartphone market.

But Boston-based analyst Carl Howe, claims it is going to be the best-selling phone to date.

"This is going to be the best-selling consumer electronics device of all time, bar none," he told Bloomberg.

Howe thinks the sales will surpass the record set last year by the previous model, the iPhone 4S.

Similarly, Apple's CEO Tim Cook bet that the device packs enough punch to pull ahead of competitors Nokia, Microsoft, and Samsung.

But Samsung has been busy innovating, introducing smartphones packed with new functions, according to Bloomberg.

Samsung said it has sold more than 20 million Galaxy S III handsets, which have a bigger screen than the iPhone 5 and faster wireless networks.

Which is why analyst Anil Doradla said Apple has not added enough new features.

"One missing element on the iPhone 5 is the technology needed to work on the network of China Mobile, China's biggest wireless carrier," he said.