I don't get it. The 5 was a much bigger update than the 4S, which was basically just a processor refresh. The 5 gave us LTE, a bigger screen, a new design, and better battery life, all in a lighter package.
all in a lighter package that looks a little too similar to the 4/4S. You're right about the big update...internally. If the numbers are weak, the design and iOS will be the culprits. We'll need more more data to make a definite conclusion here. So far, all we have are opinions (including mine own) and a WSJ article.