the iphon iphone 5 as widely expected. the thinnest iphone ever made for glass and aluminum, very important for apple taking 43% of all of their sales. melissa: if you have the old iphone, you'll pretty much be shamed into buying the new one. lori: charlie gasparino, but first check the dollar. instability in the middle east. look at the euro, flirting with the 129 versus the dollar level. containing the sovereign debt crisis. back with more after this. [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. >> going to have to toss it back to the anchors because we don't have anything on the prompter. melissa: president obama s

tim cook unveiled the iphone 5 in san francisco. and it has new features designed to fend off competition from rival android phones. >> it is an absolute jewel. it is the most beautiful product we have ever made bar none. >> reporter: now the nitty gritty: the phone is made entirely of glass and aluminum. so it's 18% thinner, and 20% lighter than the last version. it has a larger four inch screen, and a faster data connection. >> the apps on the phone constantly communicate with the network. so if the connection is slow, the phone will be slower. with these faster data connections, people will find that using their phone-- the phone itself will be more responsive. >> reporter: for customers who sign two-year service contracts, the phone will range from $199 to $399. so where does the iphone 5 fall short of the hype? >> you've heard of this ewallet functionality-- using your phone to pay at the register and a whole bunch of other things. i thought there would be that type of technology there. >> reporter: but that's not likely to sto

we know that the new iphone 5 is going to be larger than the iphone 4 and 4s. it is 18% thinner, 30% lighter. 20% -- there you go. so it is going to be lighter, thinner, but it is going to have a bigger screen. six icons down, four across. when they revealed it, guys, it came up out of the floor on a pedestal. we are going to bring you more breaking news on the new iphone 5 as it happens. bigger, thinner, lighter, and likely with a longer battery. stay tuned. >> can't wait to see that. thanks, brian. >>> peter, your reaction. is it what you expected? >> well, yeah. the internet got this right. we've seen pictures of a version of this for a month or more now. this is one of the cases where you can trust what you read on the internet. the iphone is getting bigger and we believe the ipad will get smaller next month. interesting. >> john, you hold the stock. what would you do? let me put that to henry. >> so far it is almost exactly as expected, as peter said. i'm not surprised to see the stock trading off. some chance that they would surprise and a lot of people,

." >> bill: the iphone is out! iphone 5 and i want one! get me one. one to get me an iphone 5 gets a signed copy of the "the obama hate machine." >> what a deal. >> bill: hello, everybody. what do you say, good morning, good morning. it is thursday, september 13. good to see you today. thank you for joining us. it is the "full court press." coming to you live all the way across this great land of ours, every town, every city of america. every little village coming to you live from our nation's capital and brought to you by your local progressive talk radio station, by sirius x.m. this hour only and all three hours on current tv. so we're coming to you on the raid joy or coming to you on tell -- on the radio and coming to you on television to talk about the issues of the day. you join the conversation by giving us a call at 1-866-55-press. or by going in the chat room and joining your fellow "full court pressers" around the country. do that by going to current.com. so good to see you today. and, as always, good to welcome the team back. peter ogborn an

but over the long term they're not sure. >> first of all, iphone users will be shifting to iphone 5. that is the biggest loyalty they have. but the question is -- how iphone 5 would affect the other phones, or maybe new devices like microsoft's window 8 phones. iphone is supposed to be the biggest one then that might change the game of, of android/iphone. >> the launch of 5 will likely give apple a boost. the company hopes sales will help it become the leader in the global smartphone market. >>> and another apple related story. south korea's samsung lech troing maze add the apple iphone 5 to a patent infringement

a new iphones.ech report the gabe slate was there and gives us a first look. >> it is that they finally have ever made. >> seventh 0.6 mm stand. schurz it was surprisingly thin and light. it features a 4 in. screen making it taller than the current iphone but not wider. 50 iphone 5 will be a fully 4g l d e phone that will run on sprint, verizon and at&t and features the new processing chip. and the headphone jack is now at the bottom of the phone. it is digital, durable any conflict it in either direction it is smaller and different. >> this is the lightning adapter. it works just like you expect. for this intercable and that into your iphone 5. >> it will be available in white and black. the price stays the same. >>reporter: >>caller: the ice on a five can be pre ordered after september 14th. >> apple also showed off a new ipod touch. >> it is the best one we have ever made. >> it felt like a bookmark. it is so light week. >> the new ipod touch will start at $300 and it will be shipped in october.

but over the long term they're not sure. >> first of all, iphone users will be shifting to iphone 5. that is the biggest loyalty they have. but the question is -- how iphone 5 would affect the other phones, or maybe new devices like microsoft's window 8 phones. iphone is supposed to be the biggest one then that might change the game of, of android/iphone. >> the launch of 5 will likely give apple a boost. the company hopes sales will help it become the leader in the global smartphone market. >>> and another apple related story. south korea's samsung lech troing maze add the apple iphone 5 to a patent infringement lawsuit against the tech giant. documents released say samsung believes the smartphone violates its patents. the case hinges on a high speed wireless protocol, lte, or 4 g. apple using the technology in its new device. samsung owns several patents, relating to lte implementation. it plans to study the iphone 5 thoroughly before making a decision. in a patent lawsuit last month. a federal jury ruled in favor of apple. ordered samsung to pay over $1 billion in damages. samsung

iphone 5 goes on sale today. this morning crowds are already lining up for the latest apple upgrade. for a look at all the iphone 5 hype, yes, we want to check in with our business and tech reporter scott mcgrew. he is live at appear's los gatos store. oh, look, brought to us in an iphone. you see that? nice. >> of course, of course. good morning to you. there are about 150 people in line in los gatos at this point. as we take a live look, they are all just getting ready. they are doing the polishing on the windows, getting everything ready to go. the big iphone sticker is up. they're getting everything ready to go for an 8:00 a.m. opening. and the new iphone with the bigger screen and the faster chip and the faster connection as well. now, the 150 people in line, meaning there is a guy at the absolute end of the line, we talked to him just a short time ago. you are the absolute last guy in line, at least for now. do you think you'll get an iphone. >> there's a good chance. maybe 150 people or so in front of us.

it was seven a year ago when it was the iphone 4s, but with the iphone 5 launching in nine countries, besides the uts, we've got australia, can in a today, france, germany, hong kong, japan, singapore and the uk. 8:00 a.m. local time is when they go on sale, so asia will be getting it first and then of course the rollout will happen globally in all of those countries. now, we're looking at long lines that began forming earlier in the week. and part of the reason for that of course is that pre-orders shut down pretty quickly if you hoped to get your iphone delivered in the mail today within about an hour on apple's retail site. that got pushed out to a week from now you have to get your phone if you wanted to get it by mail. so a lot of people who want to have it the very first day, they realized they had to camp out and we saw the lines forming. a bit of controversy as people updated to ios 6 starting a couple of days ago, they started to see that, all was not well with the maps app. we're starting to see several images online of poor location mapping in the new eos 6 maps app, and th

things like the iphone 5. i think what you're seeing is different generational patterns of spending. >> part of the four food groups. apple. >> there you go. >> how do we invest apart from buying an iphone. by the way, we say it doesn't really have the wow factor. may i pleegs say that tie and pocketchief are a wow. >> thank you. i'm looking at technology, manufacturing, i'm looking at the consumer staples, not the luxury goods. because the high-end consumer hasn't got a lot of spirit around them. i'm kind of bothered by banks because regulation will stop them being very profitable. there are some concerns here but i think by and large you go quite broadly across major u.s. equities. i would be quite concerned about european equities. if u.s. equities are a buy on weakness, european equities are a sell on strength. >> another friend of the network loves european stocks. >> there will be a time to love them but it isn't jet. the reason i would differ somewhat from scott is that i think that the problems are rea

this has probably been the worst-kept iphone secret ever. we've been seeing leaked parts all over the internet for months now. everything i've been hearing is that those parts are legitimate. expect a phone that's longer but not significantly wider than the 4s. expect redesigned earbuds, smaller dock connector. more significantly, expect the iphone 4s to stick around the 99 bucks and the 4 to be free with a two-year contract. that's important because for the first time, verizon customers are likely to have the option to buy a free iphone. earlier this week i talked to verizon wireless cmo tammy irwin who said the new share everything data plans they've got are enticing parents to buy their kids more smartphones instead of those keyboard data phones they had before. and a free iphone gives verizon -- she didn't say this but i'm drawing this conclusion -- an opportunity to upsell teens and tweens into those family plans. she wouldn't touch the iphone. doesn't want to piss apple off, of course. i'd say don't completely dismiss the ipod news com

. >>> millions placed orders for the iphone 5 last week and today you can start ordering the latest iphones in apple stores. >> who knew? those in need are lining up to get it. not just the people buying, the people selling services to go with the iphone. kristin fisher is live this morning at the big apple store in clinton. good morning kristin. >> reporter: this line is already almost 100 people deep. and the line at the apple store in georgetown almost as long. just massive amount of crowds. only at 5:00 in the morning. and i got to tell you what, look at this picture because somebody posted on twitter on tuesday, tuesday, the first person in line here at the store here. now i'm talking a little bit quietly because that person is actually sound asleep right now. but i'm dying to ask him if he did indeed wait here since tuesday. let's talk about the new features of the new iphone 5 that everyone is talking about. that people here are willing to camp out overnight for. the first thing you will notice when you pick up the iphone 5 is just how much lighter it is. it's 20% lighter than the ip

again in terms of the absolute subsidies per iphone that hasn't changed since the original iphone was released. in terms of our downgrade this morning, clearly, more iphones that get out there and the more data that's used, that's all good for the carriers. but it's also two things, you look at valuation, we're at all-time highs for both verizon and at&t. on a relative multiple basis. and number two, certainly you're looking at or at least we are at a near-term, kind of qe3 risk trade. we view verizon and at&t, as a nice source of funds for people to put that trade on going forward. because they are generally viewed as more defensive e yield-like trades at this point. >> all in good fun in making money. >> we appreciate you coming on and depending the call. >> thank you. >>> guys, you have a trade here with verizon and at&t. >> i was going to say -- let's throw sprint into the mix, too. >> it's up 8% in the last 15 days or so which is a big move for that stock. the options have tripled or quadrupled depending on what stock you bought. the new data plan they went to with at&t, i asked

the next iphone will be named to the iphone 5, not be 4g or some other name.e is one league to video of a possible prototype, the prototype is on the left and on the right, the current iphone 4s. apple has not confirmed anything, but the physical concept i agree with, i think it will be similar to this shape and design. the iphone 5 will be fully 4g and take advantage of the new faster networks. i think we can count on the new iphone to beat faster. every upgrade as he did a faster processor. it will be center, lighter and the screen will be bigger. i think apple closed the gap to android funds with the big screen. i think the new iphone will not be quite 4.3 in., but i think apple will come in with a 4 in. screen. the release date, the dresser is september 21st, nine days after the event, but who knows? it may not hit the shelves until november. a expected to run on at&t, verizon and sprint, but will they at t mobile? that would be huge news for two mobile. lastly, the biggest draw more of all, the new-line fog might come with a smaller dock club. this would

it is the new iphone. >> it is true. that is true. it is a really remarkable thing, isn't it. >> rose: yes. >> where do you think we will be using these? i mean, when you think about the world you think about it will change healthcare, i mean i have done this program so i know a little bit about this, it will change education, it will change how people handle their finances, it will change credit, every kind of device, i mean every kind of way you can think it will change this, in a sense, and what are the risks of all of this? >> it is to make those kind of disruptions, what is the risk? >> i know for me personally the risk is that it is the risk of spending less time dealing with other people face to face, right? like those -- or those rules that some people have they play the game they put their face down in the middle and hear this. >> they put their phone face down and the first one to pick it up. >> rose: pays for dinner. >> pays for the dinner. >> rose: i knew that's where you are going. >> i think that mindset is the danger if

new iphone. it is thinner and heighter than the previous model and it has a bigger screen. >> iphone 5eus retina display, the same 326 pixels per inch and it is a stunning display in every way. ever iphone to date has had a 3.5-inch screen but the new screen is a 4-inch display. -- iphone 5 is retina display. we have great partners we're working with, at&t, verizon and sprint to support lte on iphone 5. >> reporter: google's android has become the most used mobile operating system in the world and samsung has taken the lead in smart phone sales. >> analysts are predicting 10 million sold within the first three weeks. they are saying something about .5% of the u.s. gdp is hinging on this phone. >> reporter: apple has sold more than 240 million if ops since the first one came out in 2007. the new if op will cost the same as the iphone 4s did when it debuted a year ago. -- apple has sold more than 240 million iphones since the first one came out in 2007. the new five own will cost the same as the ip

the iphone 4 4.3 in.--3 in.. and right now, we are hearing that the iphone 5 is going to be nearly 4 in.. and we are also heritable longer battery life and it will probably be running on the 4g it could go on sale in the next 1 weeks. and looking over the internet people are getting ready to sell their iphone 4 s and if you put your iphone on the market is offered at $ 240 if it is in good condition. >> that is good to know. and i thought that we wanted to make things smaller and smaller until it is practically planted inside of our head. >> just a little bit bigger but it is going to be like her. it should feel good carrying it around in your pocket but nobody will want a small screen. perhaps just one half inch larger. you could see more but people want to see television and movies on their smart devices. and what ever apple does people are worried about that so the other tech giants have been releasing their products or crating buzz last week. and now apple is going to-create more bb-- >> apple stock has been

we'll start with the iphone 5. apple's newest iphone finally hits the streets today. the phone is virtually guaranteed to be a best seller with apple taking more than 2 million preorders sales within the first two hours. shattering last year's record. apple could announce as many as ten million sales this morning. his worst case scenario is 6 million. apple stock trading at a new all-time high in the premarket. the nypd guys topped at 22 locations and reports out of cities like osaka where they're being stolen by the hundreds in some cases, which i mean the demand is going to be intense this morning, guys. >> this is -- these are happening. the heir to what the macintosh was like when steve jobs was available. this is a company that just is an entertainment company and they know how to throw a show like i've never seen. that said, there was a very critical article in the "wall street journal" this morning about how the map section is not great. i love google maps on apple. but it doesn't seem to have any -- well, it's not -- >> sparing. >> this is a remarkable thing a

the iphone is its best-selling prodt. >> the iphone 5 drives approximately 70% of the profitability for apple. so this probably their most critical product launch out of all their product lines. and, to the extent that apple only comes out with a new iphone on an annual basis, clearly, this makes or breaks the year. >> reporter: apple shares didn't get much of a pop today, but some of its part suppliers sure did. alvago technologies and skyworks solutions make semiconductors for the device. their shares were up 5% and 3% respectively. several industry analysts predict apple will sell about 50 million iphone 5's in the fourth quarter. but there is one big cavt: whether apple can make enough of the devices to meet demand. erika miller, "n.b.r.," new york. >> susie: those kinds of predictions are juicing up consumer interest in the phone and investor interest in apple's stock. some people call the hoopla hype. others say it's masterful public promotion, but there's no argument over how influential apple is in any stock index in which its included. there are 500 companies in the s&p 500 ind

and now in the iphone 5 and i believe the iphone 4s will support that feature too.ou can hold your phone and it coaches with you with siri on how fast you can move the camera across. >> still the eight megapixel. also, there was the new hardware, the accessory, lightning connector cable, got a little bit of negative feedback about that but they are trying to switch to that smaller cable and then the new ear pods. >> that's right. apple said they looked at hundreds and hundreds of ears to try to figure out a way to make headphones that fit better than the ones they've been using since 2003. i don't know if of a ever used the ear phones that appeared used with iphones. they never stayed in my ears. i'm helpful these will. >> theling feud between google an apple. there i will be no more of the google maps. most of this we did already know. how do you think that the iphone 5 measures up compared to the other phones out there right now? would you switch over if you were using an android-based system? >> it is a tricky question. my perspective is apple isn't trying to com

iphone 16 gigabyte new iphone 5? that costs $199 with contract. so she could have been waiting out here for all that for just a -- you know, maybe to get towed. so joining me now, you are number three in line. >> i am number three. yes. i was -- number three in line. i came in line at about 4:00 on thursday. thursday afternoon. >> reporter: thursday afternoon. okay, not quite as long as the first person who's been in line. you have one of the older models the 3 g right? >> 3 gs from 2009. so it's about three years old. so -- i got -- i want the new apple iphone 5 because i've got a job offer yesterday. so this is more of a celebration. >> reporter: this is a celebration. >> yes. >> reporter: congratulations on the job offer and you know a lo of people have been holding out for the new iphone 5 because you know what it really is a huge change from the 3, even the 4. lot of people didn't want to upgrade from the 4 to the 4 s because it wasn't all that different. but now, check it out. the curtains are down. the displays are up. and there she is. isn

i believe the iphone 5 will be fully officially 4g. we can count on this new iphone being faster.very upgrade so far has featured a faster processor. it will be thinner, lighter, and the screen will be bigger. android has had a leg up on iphones with their big-screen phones. the new phone will probably come in just under with a 4-inch screen. the release date, the rumor is september 21st, nine-days after the event next week. but it might not hit the shelf until november. carriers, at&t, verizon, and sprint like it does now. but will they add t-mobile? and the biggest rumor, it might come with a smaller dock plug. this would be a radical change. every accessory that people own for their iphones, all the cases, chargers, car kit, speaker, alarm clocks would be useless with the new iphone and its smaller dock input connector. be sure to tune into kron4 news next week. we will bring you all the news from the apple event. >>> san jose police are just releasing details about an intrfgz into a gang-relate -- investigation into a gang-related shooting in a residential street. it happened

apple showed off the new iphone. we'll get reaction from hong kong. >> the swiss national bank keeps its cap on the franc, but trims back growth forecast. we'll get a view from zurich. plus we'll speak to one economist in the u.s. about the case for and against more stimulus. >> waiting on 5 and wait to see on qe-3. a lot of alliteration going on here. meanwhile shares lower on bae as reaction from the street piles up. analysts at barclays have taken a dim view on both stocks recommending investors to take profit in bae. analysts say the spirit disagrees saying talks highlight the cheap valuation of the stock. some saying talks will dilute their attractiveness. companies would keep separate share listings in london and paris. >> a combination of the two would create a giant to rival boeing, but the ceo says he's not threatened about the possibility of a deal. >> the merger is not a done deal, it still requires approval from the ads board as well as the green light from antitrust authorities in france, germany, the uk

it's like the new iphone ruins the old iphone. but it doesn't. it's all in your head.e told people outside to check out the new iphone 5, which is unavailable, so far. in reality, they were looking at is current iphone 4s, that everyone has. and here's how that experiment played out. >> the new iphone 5 came out and we want you to tell us how it compares to the last iphone. >> i'd love to. >> oh, it's way better. yeah, it's nice. that's definitely noticeably better. >> it's thinner, looks like the screen is bigger. >> seems faster. >> yeah, faster and lighter. >> feels heavier? >> feels heavier? >> i think so. >> a lot lighter than the last one. a lot faster as well. >> money's going to take forever? >> this is faster? >> yes, definitely faster. right on. >> it looks very nice, very updated. >> oh, my god. feels a lot lighter and just a lot more higher qualify and it's got -- if you drop, it looks like it's not going to break, like this one has a million times. >> colors are brighter. >> it has video front and back. that's cool. that doesn't have that. >> you like it b

>>pam: iphones abilities will know in about 15 hours whether or not the new iphone 5 is the reason behind the apple special events schedule for tomorrow morning. the event will be held at the year of one a center for the arts. tonight, dan kerman has a preview of what the iphone 5 might look like. >>dan: so far, this is all that is confirmed, something having to do with the number five. experts say you do not need to call someone to find out the features, first, a longer body to accommodate a larger for inch screen. we have seen it on other fronts but it would be new to the iphone. the vantage is a new row -- we talk about web browsing or e-mail, you will be able to seek a lot more content. >> a 4g l d e internet chip that will speed up internet browsing. ruth >> for the first time we have seen a lot of details about this on. >> if apple to prove that this is the best performing 4g font, that will be really compelling argument. >> experts tell us if you are already an iphone user, if you have an iphone 4 or older, it is probably a good idea to get the fifth version, but if you aren't an f

and the fifth feature i'm excited about is not only coming to the iphone 5, it's coming to all iphones's ios 6. i'm excited about features. including passbook. you get an app that holds your passes, your coupons and your airplane tickets. and it will arrive when you arrive at that location. my top five features of the new iphone 5. it looks pretty good. but we'll review it when it's out. >> you have to buy the new phone and the new adapter, as well. >> you have to do that.

the iphone 6. . we asked >> guillermo: i am so excited about showering with my new delta h20 kinetic shower-head. ayour honorh!!!! who are you? >> eli: i'm the delta elf! >> guillermo: why are you here? >> eli: turn on the shower and i'll show you! >> guillermo: ok. ♪ the delta h2okinetic shower-head the delta h2okinetic shower-head ♪ ♪ prepare yourself for the feeling the feeling of more water cos h2okinetic technology ♪ ♪ shapes water into a unique wave pattern giving you the feeling the feeling of more water ♪ ♪ without even using more water that's delta delta, baby ♪ >> the h2okinetic shower-head provides better coverage and bigger droplets! ♪ see what delta can do >> guillermo: hey delta elf, can you soap my back? >> eli: gotta go! >> announcer: prepare yourself for the feeling of more water with a delta h2okinetic shower-head. see what delta can do. "jimmy kimmel live" is back in two minutes with simon cowell, britney spears, and music from slightly stoopid. ♪ ♪ [ female announcer ] prepare you

waiting for the iphone to be released. have a look at what all iphone to be released. have a[ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flows to reaching your goals. pnc bank. for the achiever in you. excuse us, while we change into something more comfortable. cool. introducing, the square sunnyd bottle. are made with sweet cherries and the crisp, clean taste of our cranberries. i cannot tell a lie -- 'tis tasty. okay, george washington, did you take my truck out last night? 'tis tasty. >> live and in hd, this is "good morning washington," on your side. >> i waited 34 years. named after frank howard. sex.is better than >> tears of joy from a longtime stand.l he and many others are teamrating after the spot for theayoff time since 1933. so much excitement about that this morning. i think fans are still celebrating this mo

but if you have anything older than an iphon

but i'm getting the new iphone! that's september 21st i think it comes out. > > i figured you would. thanks for being on the show today. that's andrew keene, president of keeneonthemarket.com. that's a wrap for now. coming up tomorrow, a new film about wall street opens this weekend, starring susan sarandon and richard gere. find out if our film guy thinks it's "so money." from all of us at first business, thank you for watching and have a great day! >>> u.s. ambassador to libya killed in an attack to the consulate in that area. >>> we are live in alameda where a man in a wheelchair is rescued from a burning apartment. >>> just hours from now the big announcement apple is expected to make about its newest iphone. all ahead on the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this wednesday morning september 12th i'm pam cook. let's check in with steve paulson. what is the weather going to be like? >> if you're by the coast or around the bay it's 60s and 70s. a little bit stronger sea bre

the iphone isn't the only star. it happens. >>> and as the fed begins its meeting, steve liesman with the fresh results of our exclusive fed survey. >>> and then the disconnect between what the economists want from the race of the presidency and what they think that will get. >>> look forward to that. the euro is hitting a fresh four-month high today on news that germany's court has approved the rescue fund. but with a key fed decision looming, what's your best way to play currencies? you all right over there? >> what? >> you're making faces. >> i am not. >> managing director over at ubs. >> hi. >> forgive my panelist over here. welcome to the show. it's good to have you. >> it's going to be a trader's dream tomorrow, right? that's where the initial moves will be seen after the fed does or doesn't do more qe-3, right? >> well, yes. typically the dollar tends to have fairly violent knee-jerk reactions to these kind of movements. we will see the fed release qe-3, commit to purchasing $500 million in assets over the ne

is iphone 5. >> the newest iphone is thinner and lighter with a half inch added to the screen size. >> you can see he is lifting his arm and the ninja is noticing that. >> reporter: which along with a better camera and extra microphone gives app makers new technology to work with. >> also, there is now a new microphone on the iphone. so now with three mics, i think the thought is what can we do with all three of those. as you know, we use the mic that it can flow into your phone. i wonder what new kinds of mayhem we can create with this. >> reporter: backed by foo fighters, apple also rolled out new music for its upcoming holiday lineup. >> and it transforms beautifully -- >> reporter: a revamped itunes and new ipods, also with improved cameras inside. >> that really sets them up to go against the point and shoots and the point and click cameras out there. and it's versatile. because point and clicks are point and clips. this has music. this has video, and an exceptional camera. >> reporter: but the star of the show was the iphone 5. lighter, faster, and soon to be snatched up by fa

we expect the iphone 5 to be a hit. let's be honest, the iphone 5 is a catch up phone.s the first time we have seen apple release its new phone and it's now apple's version of the faster speeds, the bigger screen features that people are liking and enjoying on motorola products, on samsung products, on hdc products. we continue to see that 70% of revenue, 40% of revenue, 70% of profits tied to the iphone, it's a gateway product for apple which builds a walls garden approach. we don't think it can grow much and of course year it can sacrifice margins or sacrifice growth. that's why we don't think it will have a repeat year 12 months from now. >> gene, what about that? >> well, first thing is this concept of it being a catchup phone, the concept of it being a catchup phone. that's what apple has done ever since they came out with the ipod event initially and the iphone was a catch up. these are not about features. they buy it for the platform. so i would strongly disagree with that, the fact that it's a catch up phone. and separately, as far as cannibalizing themselves, t