Is there any point of getting the 4s?

As a late present for christmas i'm getting my brothers old phone (the 4s) my parents are paying him £100 for it. I don't want to sound ungrateful but i was really getting my hopes up for a 5. With the 100 from my parents hes going to get the 5s.

We aren't the richest or poorest family but they said they couldn't afford to get me a iphone 5. I did find some contracts for only £27/pm

Won't the 4s be going out of date soon? This sounds stupid but i don't really want to go to school with it because most of my friends have got 5's. They might think i'm poor or something.

Sorry if this sounded very snobby. I aren't ungrateful. I'm very lucky to receive a new phone!

Added (1). i don't just mean the 5 i mean the 5. 5c and 5s

I have used both iPhone 5 and 4s and I have to say that iPhone 5 is an iPhone 4s with a bigger screen and a better camera. Personally, I liked the 4s more.

Personally i agree with raghuvansh.

There's no real reason to keep updating phones just to stay "popular." If your phone works fine, and you are happy with everything that it has to offer… Keep it! Why are you so paranoid about fitting in with the kewl kids at school. Your still awesome! Cuz you have a cell phone. There's kids with flip phones still!

Alrighty! From a tech POV. 5S/C have some slightly better features. 5 has a newer CPU running it, so it is slightly faster and more battery efficient. It has a "fingerprint scanner" which is nothing that cool honestly. Lastly, the 5 has the latest and fastest Wi-Fi chip, So internet speeds are slightly faster. Also the 5 can run IOS7 perfectly fine without it having to drain your battery like crazy! Also are slightly larger and a litter thinner.

NOTE: Both the 4s, and 5S/C have 8mpx CAMERAS! Google it! The 5s/c may just have a better camera drive running the app, but for the quality of the photo, they are the SAME! So IMO i would just keep the 4s. I have alot of personal friends who just stick with their trusty 4s, since they always claimed the upgrade to the newer iphones weren't worth it.