It's not fair to compare the iPhone5 with the  Samsung Galaxy Note 2 because it will get smashed into the ground, no question about it because they don't even fall under the same category, so lets take it head to head with it's 4 months old competitor the Samsung Galaxy S3:

General:

Both phones support the following networks:

2G Network GSM 850 / 900 / 1800 / 1900
3G Network HSDPA 850 / 900 / 1900 / 2100
4G Network LTE

Apple confirmed tonight that the iPhone 5 will support 4G, while yesterday, EE announced that the Galaxy S3 was among the first generation of handsets to join its new high-speed spectrum. It's a case of wait and see how the devices respond to the new-gen network, as on paper, they should perform similarly.

Body:

iPhone5 :   4.87" x 2.31" x  0.30" and wights 3.95 ounces (112 grams)

Galaxy S3 : 5.38" x 2.78" x 0.34" and wights 4.7 ounces (133 grams)

It looks like the iPhone 5 is actually following the lead of the Galaxy S3 in some respects, with Apple's new smartphone confirmed as being the US company's most slender handset to date: it's 20g lighter and a full 1mm more slender than the Samsung handset, making it one of the most svelte mobiles on the market - though not quite "the world's thinnest smartphone" as Apple claimed tonight, unless the US firm has now patented the 'S' section of the dictionary.

Display:

iPhone5:
LED-backlit IPS TFT, capacitive touchscreen, 16M colors
640 x 1136 pixels, 4.0 inches (~326 ppi pixel density)
NOT 1366 AS OTHER WEBSITES SAYS source: www.Apple.com
Corning Gorilla Glass, oleophobic coating

Galaxy S3:
Super AMOLED capacitive touchscreen, 16M colors
720 x 1280 pixels, 4.8 inches (~306 ppi pixel density)
Corning Gorilla Glass 2

Apple has sought to up the ante to compete with Samsung in terms of screen size and the improved multimedia performance that typically corresponds with a larger display. The iPhone 5 measures 4in diagonally, though the Galaxy S3 is known for being one of the tallest non-hybrid handsets, sporting a 4.8in display. The attractiveness of the respective devices all depends on how big a piece you're happy to slot into your pocket, but for us, the iPhone 5's new 4in display looks plenty big for quality video playback and gaming needs, without being a burden.

As far as image quality is concerned, it's a straight up IPS LCD vs Super AMOLED fight - take your pick. Some people prefer the bright and vibrant AMOLED while others bemoan "fly-screen door" grid visible due to the Pentile sub-matrix pixel arrangement. For our eye, Apple still has the edge.

Memory:

iPhone5:
16/32/64 GB internal storage, 1 GB RAM (RAM is not confirmed yet)

Galaxy S3:
16/32/64 GB internal storage, 2 GB RAM + microSD, up to 64 GB

Both devices are going to be available with a variety of internal memory options, with 16, 32, and 64GB versions on offer. The rival devices are also likely to have their 1GB RAM capacity in common, with the big difference being that the Galaxy S3 also sports a microSD slot. Frankly, it's difficult to see why users would need such a gargantuan amount of memory - but if you do, the S3 is almost certainly a superior buy.

Connectivity:

iPhone5: 

Wi-Fi 802.11 a/b/g/n (802.11n 2.4GHz and 5GHz),  Bluetooth v4.0, No NFC

Galaxy S3: 
Wi-Fi 802.11 a/b/g/n, DLNA, Wi-Fi Direct, Bluetooth v4.0, Wi-Fi hotspot, NFC, microUSB v2.0

Voice Assistant:

iPhone5: Siri
Galaxy S3: S Voice and Google Now

Camera:

iPhone5:

8 MP, 3264x2448 pixels, autofocus, LED flash
Touch focus, geo-tagging, face detection, panorama, HDR
1080p@30fps, LED video light, video stabilization, geo-tagging
Front facing camera: Yes, 1.2 MP, 720p@30fps

Galaxy S3:
8 MP, 3264x2448 pixels, autofocus, LED flash,
secondary cam, Simultaneous HD video and image recording, geo-tagging, touch focus, face and smile detection, image stabilization
Front facing camera: 1.9 MP, 1080p@30fps , 720p@30fps

On paper, the two devices are exactly the same, offering an 8-megapixel primary camera and HD video at 1080 pixels. Whether or not all of the features Apple bragged about earlier today - the dynamic low light mode, and the optimised five-element, sapphire lens, for example - make a real difference to the handset's imaging capabilities remains to be seen. Again, we'll have to wait to get hands-on with the iPhone 5 before we can pronounce more assertively, but Apple's new smartphone does look like it could come up trumps: not least, it boasts a better pixel density and superior resolution.

Features:

iPhone5:

OS: iOS 6
Chipset: Apple A6
CPU: UNKNOWN
GPU: UNKNOWN
Senors: Accelerometer, gyro, proximity, compass
Browser: HTML5 (Safari)
Radio: No
GPS: Yes, with A-GPS support and GLONASS
Java: No

Galaxy S3: 

OS: Android 4.0.4 Ice Cream Sandwitch  ( Upgradable to Android 4.1 Jelly Bean )
Chipset: Exynos 4412 Quad
CPU: Quad-core 1.4 GHz Cortex-A9
GPU: Mali-400MP
Senors: Accelerometer, gyro, proximity, compass, barometer
Browser: HTML, Adobe Flash
Radio: Stereo FM radio with RDS
GPS: Yes, with A-GPS support and GLONASS
Java: Yes, via Java MIDP emulator

The Android-running Galaxy S3 might ship with Ice Cream Sandwich, but it's getting version 4.1 Jelly Bean in the immediate future, making for a fascinating show down with Apple's latest mobile operating system, iOS 6. It's hard to say which device's interface functions more seamlessly or features the best apps - for the time being, it's a matter of personal preference.

Apple's new-gen A6 chip is likely to be quad-core, and should clock in around 1GHz which, while impressive and an obvious improvement on the 4S, still looks inferior to Samsung's flagship smartphone - the Galaxy S3's quad-core Exynos 4 engine is confirmed as clocking in at 1.4GHz.

Colors:

iPhone5: 

Black/Slate, White/Silver

Galaxy S3:

Pebble blue, Marble white, Amber brown, Garnet red, Sapphire black, Titanium grey

Battery:

iPhone5:

Standard battery, Li-Po
Capacity: UNKNOWN
Stand-by: Up to 225 h (2G) / Up to 225 h (3G)
Talk time: Up to 8 h (2G) / Up to 8 h (3G)

Galaxy S3:
Standard battery, Li-Ion
Capacity: 2100mAh
Stand-by: Up to 225 h (2G) / Up to 225 h (3G)
Talk time: Up to 8 h (2G) / Up to 8 h (3G)

Apple again looks like it has let its user base down with regards to battery life, with the iPhone 5 offering the same claimed eight hour 3G talk time as its predecessor, the 4S. The Galaxy S3, on the other hand, boasts a 2100 mAh with almost 12 hours of purported talk time on the current-gen network. It's a hands down win for Samsung with regards to longevity based on the information presently available.

Price:

Apple primarily showed off the iPhone 5's contract pricing this evening, but has since confirmed via its official website that a SIM-free version of the new handset will run consumers £529. It's good that Apple isn't going too far over the £500 watershed, generally an accept norm for high-end devices - the Galaxy S3 currently retails at £499.99 for a 16GB model. But the US prices are confirmed tho, Apple iPhone 5 is $199-399 and Samsung Galaxy S3 is $99-299 depending on the internal storage.

iPhone5 vs Galaxy S3 [UPDATED]

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