How the new iPhone 5 can save you $1500

The new iPhone has been announced, but it comes with a price tag of $200 for a 16GB model with a cellular plan.

One could see this as a major expense, and possibly not worth upgrading to.

Here is a list of the potential savings one could have by purchasing the iPhone 5.

The new features on the phone mean that some technology in life might become obsolete and unnecessary.

Related: New iPhone with taller screen unveiled at Apple event, in stores Sept. 21