setting up iPhone 5 with iTunes - current iTunes version does not recognize iPhone 5 and does not allow setup
I just received the new iPhone 5. I checked iTunes for latest version of software and got confirmation that I had the latest (10.6.3) installed on my Mac. I then connected the new iPhone. I got a message that the iPhone5 uses a version of iTunes (10.7) that I don't have. The current iTunes on my computer does not recognize my phone and therefore I cannot sync it and complete the phone set-up.
I welcome any suggestions or help on this matter.
Thanks!
iPhone 5