Apple may have mollified the masses by adding significantly better specs to its smartphone offering, but when it comes to innovation, the iPhone 5 just can't compete with the latest Android handsets. Sure a larger screen, 4G LTE support and a faster CPU are welcome additions to the world's number one phone, but Apple is a year late and $199 short, because Android has provided all these features and more for some time now.

In fact, even after Apple's johnny-come-lately improvements, Android phones have a number of key advantages over the iPhone 5.