iPhone 5 is the much anticipated product of Apple and with expected iPhone 5 release date in Summer this year, Apple fans are eagerly waiting for expected iPhone 5 price.

There is no word from Apple officially about iPhone 5 but it is expected that iPhone 5 will have a large 4-inch screen in comparison to iPhone 4S,will be slimmer, will have quad-core processor,NFC support, LTE support,A6 processor, may have iOS 6,a better and improved Siri, Aluminium casing,a recent report suggests that iPhone 5 along with iPad 3 will have graphics 20 times more powerful than iPhone 4S,improved battery life, 12 MP camera and much more.

iPhone 5 Price – Expected

iPhone 5 will have a “cult classic” status it was the last project with which Steve Jobs was associated with right from the concept to the final stage.

Also Read: iPhone 5 Concept Videos – How Will iPhone 5 Be?

If we going through the pricing details of iPhone we will find that iPhone 4 which was released in June 2010 was priced at $199 for 16GB and $299 for 32GB on contract basis whereas without contract users paid $499 for 16GB and $599 for 32GB.

For current iPhone 4S, $199 for 16 GB, $299 for 32GB, $399 FOR 64GB with contract whereas for Unlocked Models $649 for 16 GB, $749 for 32GB and $849 for 64GB.

Recommended Reading: iPhone 4S Data Plans – AT&T, Verizon, Sprint

Apple makes sure that the price of its Models are not expensive moreover this year iPhone 5 will have to compete in price with its rival Android smartphones.It is expected that Nexus Prime will be launched in Q2 and will be priced at $299.99 for a two-year contract.

According to various assumptions it is being expected that iPhone 5 price will be around $305 for entry level iPhone 5 Model whereas for the high-end iPhone 5 will cost from $495 to $825 without contract.Let us wait and see how Apple will be pricing its next generation iPhone as without Steve Jobs Apple is a different Company!

How much do you think iPhone 5 price will be?