Is the iPhone 5 smart for small businesses?

Apple unveiled the iPhone 5 on Wednesday, and many tuned in to see what the newest version of the phone had to offer. Apple reported it is the thinnest, fastest and lightest iPhone ever created, and developers are pretty thrilled with the result.

"iPhone 5 is the most beautiful consumer device that we've ever created," said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. "We've packed an amazing amount of innovation and advanced technology into a thin and light, jewel-like device with a stunning 4-inch Retina display, blazing fast A6 chip, ultrafast wireless, even longer battery life - and we think customers are going to love it."

Even though this new version sounds appealing, many business owners may wonder if it can offer small business solutions. There are a number of positive features with the newest version, but there are some downsides for small businesses, according to eWeek.

Starting out with the positives, the iPhone has been the highest ranked phone when it comes to customer satisfaction, as consumers find it easy to use and enjoy the experience overall. The new update, which runs on iOS 6 software, reportedly offers a new mapping system. As more small business employees are on the go, this updated version may make it navigate around. In addition, the fact that the device is thinner and lighter makes it easier to carry around.

When it comes to the negatives, the iPhone 5 does not feature strong near-field communication (NFC) capabilities. NFC, which is popular among Google Android and Blackberry devices, transfers information when two devices are close together. Also, for small businesses that already have a great deal of iPhone connecting devices, they will have to purchase an adapter. The adapter is only $29, but this extra cost can add up if a company has a great deal of connectors.

The price of the phone is $199 for the 16GB model, $299 for the 32GB and $399 for the 64 GB. After weighing all of the pros and cons, small business owners or employees may want to consider the iPhone 5. But one thing's for sure, the world is going mobile, so a smartphone is a good investment either way.

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