Yes it will be like it came out of the box, and you will have to re-install apps and redo the settings the way you like it to be.When you perform a factory reset, does that render the phone as delivered from store? In other words, do you have to re-install apps and set settings?
If I update to 4.3 from 4.2.2 will I have to reformat my sd card or can I just update>factory reset and put my sd card back in?