Apple iPhone 5 with unlimited data from £26 per month!

Carphone Warehouse is currently selling the Apple iPhone 5 smartphone for a mere £26 per month with a £99 upfront fee. That's a total cost of ownership of £723 or an effective cost of £30.13 per month over two years. The deal, on T-Mobile, comes with 500 minutes, unlimited text and unlimited data.

The iPhone 5 was launched late last year and has been criticized for not offering enough improvements on the last-generation iPhone 4S. This model comes with a bigger 4in Retina display (that critics say only add an additional row of icons), an 8-megapixel iSight camera, an A6 chip, iOS6 (and soon iOS7), 1GB of RAM, 16GB onboard storage, a front facing full HD Facetime camera and 4G capabilities.

Many expect Apple to launch an iPhone 5S fairly soon in order to catch up with the competition. Smartphones like the Samsung Galaxy S3 or the HTC One X, which were rivals of the iPhone 5, have long been replaced by even more powerful handsets.

You can read our review of the Apple iPhone 5 smartphone here. Note that Carphone Warehouse is also selling the device on PAYG for £510, a price that includes £10 top up voucher. In reality, this is a SIM Free model as it locks on the first SIM card that is inserted.