Apple today announced the iPhone 5 at The Yerba Buena Centre for the Arts in San Francisco. Phil Schiller, Apple's SVP of Worldwide Marketing, took to the stage to end months of speculation about a new model of iPhone with a larger 4in display and iOS 6 operating system.
The iPhone 5 is made entirely of glass and aluminium, and its display has grown to 4in, allowing an additional row of icons to be displayed on the home screen. It is also thinner, the thinnest smartphone in the world according to Apple, and lighter than the iPhone 4S, at just 112 grams.
The 4in Retina display is 326ppi, at 1135x640 resolution, but apps that are currently on the App Store will not need to stretch or scale, they'll be centred and will have black borders on either side.
The iPhone 5 also has 4G LTE capabilities, and it looks like EE will be making this feature available in the UK. The new phone has better WiFi too, 802.11 a/b/g/n, 802.11n is 2.4GHz and dual channel 5GHz, up to 150 Mbps.
The device is powered by an A6 processor, and is two times faster than the A5, according to the company. It is also 22 per cent smaller.
Apple claims to have exceeded the battery life of the iPhone 4S in the iPhone 5, with 8 hours of 3G talk time and browsing, and LTE browsing, 10 hours of WiFi browsing, 10 hours of video, 40 hours of music and 225 hours of standby time.
The iPhone 5's camera is 25 per cent smaller, and has aqn 8 megapixel sensor, 3264x2448, backside illuminated, hybrid IR filter, five-element lens, and a fast f/2.4 aperture. It also has a new low-light mode, and a sapphire lens cover helps protect your lens and make your images clearer and sharper.
There is also a new Panorama feature in th iPhone 5 that can capture a 28 megapixel Panorama photograph in real time.
Apple has improved the video in the iPhone 5 too. It can capture 1080pHD video, has improved stabilisation, face detection for up to 10 faces and the ability to take photos while you're recording.
The front FaceTime camera has HD 720p HD camera with backside illumination and FaceTime over 3G.
There are now three microphones in the iPhone 5, one at the front, one bottom and one on the back. This aims to improve voice recognition. The earpiece is noise cancelling too.
As expected, Apple has introduced a the Lightning connector with its iPhone 5. The connector has been reduced from the previous 30-pin design to an all-digital 8-signal design. It is 80 per cent smaller than the previous connector and is reversable.
For older accessories that are compatible with the 30-pin connector, Apple has created a 30-pin-to-Lightning adapter.
The iPhone 5 comes in an all-black design with slate back, or a white iPhone with white glass and a bright silver aluminium finish.
Apple will ship its new EarPods with the iPhone 5, which are designed to be more comfortable and durable, and have a better sound quality than Apple's previous headphones.
The iPhone 5 is Apple's new flagship iPhone, replacing the iPhone 4S. However, Apple is expected to keep the iPhone 4S as a more cost effective model. UK pricing has yet to be fully announced, but the Apple Store states that the new device will cost from £529. The new phone will be available to preorder from 14 September and will ship on 21 September.
The iPhone 5 runs iOS 6, Apple's latest propriety system with Maps, Flyover, improved Siri, Facebook integration, Do Not Disturb, Passbook and more.
We'll continue to update this story as we get more information.