Why You Shouldn't Buy Apple's New iPhone 5

We’re just hours away from what will certainly be one of the most massive hypefests of the year: the introduction of Apple’s newest iPhone. Even without the benefit of Steve Jobs to add that extra touch of  magic  reality distortion to the proceedings in San Francisco, the entire tech world will see a plunge in productivity for several hours starting at 10 a.m. Pacific while they watch and chew over the launch of what looks to be called the iPhone 5.

No doubt Apple will sell a ton of the new iPhones. Indeed, though I find this hard to believe, iPhone sales could even add a big boost to this year’s Gross Domestic Product. Diehard Apple fans, and there are millions upon millions of them, won’t be able to resist lining up at Apple stores the night before they become available to be among the first to buy the latest and greatest iPhone.

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