I want to get the 5 but not sure if a new iphone will come out soon so dont want to waste my money
When will there be the iPhone 5s? Or the next iphone release?
It's out now
Hard to say because Apple keeps everything to themselves. The latest i heard a couple of days ago is a new iPad and new iPad mini around March.so, maybe a new iPhone also? Or late in the summer / early autumn.
There are reports of apple releasing an iphone 5s or perhaps Ipad 5 in March 2013
The 5S would likely come around September 2013.
The people stating that the next iPad coming out in March are just speculating & then wrongly speculating that the next iPhone would come then as well.
There will be a new iphone next year, most likely but it could be anytime between March and December.