iPhone 5: The cost of owning an i-Phone can go well beyond the initial purchase

The cost of owning an i-Phone can go well beyond the initial purchase.

A new study by SquareTrade finds that Americans have spent nearly six-billion-dollars on i-Phone repairs since 2007.  

30-percent of i-Phone owners have done some form of damage to their phone in the past year.  

The most common accidents happen when the phone falls out of a user's hand or it is immersed in liquid.  


The new i-Phone 5 went on sale today (Friday).  

The latest version is 18-percent thinner and 20-percent lighter than the i-Phone 4-S. 

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