said by Alcohol:
Doesn't make sense. Why wouldn't they discount the iphone 4 or 4s instead of launching a new phone. Iphone 4 can easily be manufactured for under $300. Look at nexus 4. It's better than iphone 5 and it costs $299.
this is the problem, it's better in your opinion, not everyone thinks this. To answer the OPs question, go to the store or play with a fiends and see what YOU like best. Both are great phones depends on what you want. With all the apps, most phones can do the same thing as the other.