iPhone 5 is welcomed by raves and rants in social networks. After much anticipation, the specs of "the biggest thing to happen to iPhone" have been out, and news watchers have promptly noticed that rumours have had the features spot on. iPhone 5 indeed boasts of a larger 4 inch screen, 4G LTE and an upgraded chipset, among others.

So, for intial iPhone 5 reviews -- how have the Apple users been reacting to the news, so far? Here is a compilation of posted images, thumbs up cheers and thumbs down boos from Tumblr users.

Yays

@lovemomco: I heart Apple.

@Ohmerijaan: Buy me the iPhone5 & I will forever love you.

@Beeeryan: iphone 5, gimmie. so stoked that my contract is up in november and i can upgrade booohyah.

Nays

@a-tribe-called-dinks: The new iPhone is bleh. I may actually be switching to android. Why the f*** would I pay $199 for what is essentially an iPhone4S with a bigger screen?

@ tartanspartan7: Gotta admit, I'm not overwhelmed with the iPhone 5. Apart from a stretched out screen, a gimmicky camera mode, and the predictable stuff (bigger, faster, thinner, etc.), they brought nothing new to the table. The omission of NFC is a big mistake. I still want one though :-)

More

@let-it-all-gooo: I love the iPhone 5 hatred, I remember the same about the iPhone 4s... and then everyone bought them. so cut the crap, and just admit you want one. :)

@Alexlock: The only true News here IMO is the Free Iphone 4 on contract now

Apple describes the iPhone 5 as "the biggest thing to happen to iPhone since the iPhone." But as usual, not everyone is impressed.

Many users are disappointed over the lack of mind-blowing surprise from Apple, especially since the competition is going strong. But there are others who are happy about the not-so-drastic changes going on with the iPhone.

Do you think you should ditch your old iPhone for the iPhone 5?

Click 'Start' to see a small compilation of iPhone 5 reactions posted on Tumblr as images.

Also read:

iPhone 5 Pre-Order to Start on September 14; To Hit Stores on September 21