With the Lumia 920, Windows Phone finally has a flagship piece of hardware that genuinely competes. It isn't perfect, but strong performance and a phenomenal camera largely make up for the phone's heft and rotund build. The iPhone 5, however, feels like a device of little compromise at all. Cupertino may tout the newly embiggened screen, but 4 inches may already be too small for some. Other than that, Apple's marketing is right; it's the best iPhone yet.
For those looking for something outside the box, or simply new, the Lumia 920 with Windows Phone 8 is a solid bet. Don't expect all of your favorite apps to be there (Instagram and Pandora are missing standouts), but the sheer ingenuity of the OS doesn't wear away with the new phone's novelty. The iPhone 5 remains an incredibly strong contender. It is one of the best phones on the market and the perennial safe bet. For most, that's more than fine.