As many expected, the iPhone 5 features a taller screen, improved processor and supports 4G LTE connectivity, MacRumors reports. It is also purportedly the world's thinnest smartphone and weighs 20 percent lighter than the iPhone 4S.
Click here, to watch the iPhone 5 video.
In the U.S., Apple will start taking pre-orders for the new iPhone 5 on Friday, Sept. 14 and it will be in stores on Sept. 21, Washington Post reports.
Apple also made several other announcements at Wednesday's media event in California. Click here, for a recap.
With the iPhone 5 set to arrive next week, WCCO shows us how to make money by selling an old iPhone.
The Associated Press also has 11 uses for an old iPhone.