If the iPhone 5 is an evolutionary step like the move from the iPhone 4 to the iPhone 4S then wed expect the price to stay more or less the same, although in the UK higher VAT rates may well mean a higher price tag.
Its pretty much nailed on that the new iPhone will cost around £500 for a 16GB / 32GB model (depending on the capacity Apple whacks in there) and unless the iPhone 5 comes with some truly next generation technology that pricing model should hold firm.
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