What happens to the iphone 4s now that iphone 5 has come out?

I phone, iphone 4s, iphone 5

Absolutely nothing.

Nothing, if you want you can sell it.

Just lower prices, and being discountinued once is sold all out, but besides that nothing.

Nothing, price wise its worth what the 3gs was before the 5 came out,$150

Well, Apple is still selling the iPhone 4 and iPhone 4 at a reduced price for those people that are on budgets. It is also continuing to offer software updates for it, so the iPhone 4 and 4s will defiantly get IO7, and the 4s will also get IOS8.So its not like Apple has stop selling the iPhone 4 and 4s, they are still selling it at a reduced price next to the iPhone 5.