Tech giant Apple just announced its two new smartphones that will soon hit the market.

In a press event held in the company's headquarters in Cupertino, California, Apple finally introduced the long rumoured iPhone 5S and 5C. The full-fledged iPhone 5S packs most of the iPhone 5 specs and feature with the addition of the new 64-bit A7 processing chip with an accompanying M7 motion-sensoring chip and fingerprint sensor on the home button.

Consumers can buy the iPhone 5S for $199 for 16GB, $299 for 32GB and $399 for 64GB with the usual two-year contract.The cheaper iPhone 5C, on the other hand, offers 4-inch retina display, dual core A6 chip processor, and 8MP rear camera. Consumers have more options when it comes to the colour of their handset blue, green, yellow, white and red plastic casing.

The iPhone 5C will be replacing the old iPhone 5 and will be available for $99 for 16GB and $199 for the 32GB with 24 months lock-in period. However, many tech critics said that the new Apple smartphones lack stellar specs and features that will make consumers get one. Thus, is it best to buy iPhone 5 right now and ignore the newly-announced iPhones?

Below are some of the reasons why you should buy the iPhone 5 and just skip the new iPhone 5S and iPhone 5C.

iPhone 5 Low Price - Due to the announcement of the new iPhones, iPhone 5 prices went down. Moreover, it was revealed that the cheaper iPhone 5C will replace the iPhone 5 in the market. Thus, it is best to buy the iPhone 5 now while supplies last.

No Wow Factor - Many tech critics and reviewers said that the newly-released iPhone 5S and 5C lacks wow factor. Aside from the plastic casing and different colour options of the iPhone 5C and the new A7 processor and fingerprint sensor offered by the iPhone 5S, there is nothing else to add.

Same Specs and Features - In short, both the iPhone 5S and 5C carry minor upgrades of the current iPhone 5. We will see the same hardware, design, and dimensions. Most of the specs and features of iPhone 5 were retained.

iOS 7 Update - One of the most exciting features of the new iPhones is the latest iOS 7. However, this software will also arrive to current iPhone 5 users and they will be also able to enjoy the perks of the new mobile software such as improved Siri and iTunes Radio. iOS 7 will be available for download on September 18.

iPhone 5S and iPhone 5C are bound to U.S., UK and Australian markets on September 20. Pre-orders will start on Friday, September 13.