Sources inform ''Globes'' that the official launch of the iPhone 5 in Israel will be during Hannukah in mid-December. The launch of the latest iPhone is expected to attract considerable attention and cause a price war by competing smartphone manufacturers.
This time, Apple Inc. (Nasdaq: AAPL) is not only competing against Google Inc. (Nasdaq: GOOG) Android-powered smartphones, but also against smartphones powered by Microsoft Corporation's (Nasdaq: MSFT) Windows Phone 8 operating system.
The current average price of an iPhone 5 at private stores in Israel is NIS 7,000, and is expected to fall to NIS 4,500-5,000.
The iPhone 5 has a 4-inch screen, more powerful processor, and better photography capabilities than its predecessors.
Apple said that it declines to comment on rumors.
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