iPhone 5

A major upgrade to the iPhone line, introduced in September 2012 with Version 6 of the iOS operating system (see iOS versions). The iPhone 5 was taller, thinner, and lighter than the 4S and supported the faster LTE 4G cellular networks. A major change was the larger screen size from 3.5" to 4". It employed a faster processor, faster graphics, improved camera, smaller 8-pin dock connector (see Lightning connector) and a new style of earbuds (see EarPods). The analog headphone jack were moved from the top to bottom.

Interacting externally via barcodes and QR codes, a new Passbook app, later renamed "Wallet," was used for tickets and coupons (see Apple Wallet). See iPhone 4s and iPhone 5s.

Taller, Thinner and Lighter

Although the same width, the extra height of the iPhone 5 (left) displayed six icon rows, compared to five on the 4s (right). In addition, HD videos rendered in full wide screen. (Image courtesy of Apple Inc.)

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iPhone 5 on display after its introduction during Apple Inc.'s iPhone media event in San Francisco

Members of the media experience the iPhone 5 after its introduction during Apple Inc.'s iPhone media event in San Francisco

A member of the media uses the map function of iPhone 5 after its introduction during Apple Inc.'s iPhone media event in San Francisco

PHOTOS: New Apple products - iPhone 5, iPod Touch, iPod Nano

So, that leaves us with Apple's iPhone 5 sales target: more than 263 million units.

Asymco points out that this estimate doesn't meet Apple's target of 263 million, but if the iPhone 5 continues to sell after the seventh generation iPhone is released, as has been the case with previous models, Apple could break the 200 million mark.

"If 85 per cent of those are the next generation then that yields about 170 million iPhone 5s through mid 2013."

Apple expects over 263 million sales of new iPhone 5

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