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Apple launches iPhone 5
Apple was expected to launch the iPhone 5 in one of the most anticipated events of 2011, but eventually didn't happened until 2012. Many thought that the Cupertino, Calif.-based technology giant would release the media-dubbed 'iPhone 5' last year, but instead released a the iPhone 4S which was built with minor revisions from the most recent model, the iPhone 4. How was Apple going to maintain its edge in the smartphone market?
With a 4-inch smartphone offering next-generation 4G LTE speeds. But, after the event, many media members and company analysts were left disappointed. Many consumers took to social media networks to air their frustration, and complain that innovation was plummeting in the company.
Apple ultimately suffered a loss during its fourth quarter earnings report. However, with 15 percent of the company's revenue in China, Apple launched the iPhone 5 in the world's most populated country in December.