Friday 21 September

To the delight of Apple fanboys and fangirls, the iPhone 5 will be available in Australian stores from this morning.

The smartphone promises, from initial reviews, to be a useful business and consumer device, with a speedier processor and enhanced display set to aid busy entrepreneurs.

But the value of the new iPhone to businesses also lies within the apps that can run on it. Today, we highlight five business-friendly apps that look set to shine on the iPhone 5.

What qualities define innovative businesses? A new Ernst & Young report outlines the three innovation areas that start-ups should focus on.