Rejoice Apple fans! The long anticipated iPhone 5 has finally been revealed at Apple's event yesterday, Sept. 12.  We've got all you need to know about the newest iPhone.

Lets get right to it, here's the new iPhone 5's specs:

  • Screen Size: 4"
  • Resolution: 1136x640
  • Weight: 3.9 oz
  • CPU: Dual-core Apple A6
  • Storage: 16GB, 32GB, 64gb (No card slot)
  • Connectors: Apple Lightning
  • Operating System: iOS6
  • Battery: 225 hours (standby), 8 hours (talk time on 3G)
  • Camera: 8MP, 3264x2448 px, autofocus, LED Flash
  • Networking: wi-fi, 2G, 3G, 4G LTE
  • Price: $199 (16GB), $299 (32GB), $399 (64GB)
  • Availability: September 21, 2012

Beyond the specs Apple has given the iPhone additional improvements and upgrades.  Additional microphones have been added to improve the quality of calls and Siri's function.  It also has improved noise cancellation wide band audio to help calls sound more natural.  The connection dock is also smaller and now makes many older accessories obsolete.

The screen is a retina screen so users can expect crystal clear display. The new display is also a larger than previous iPhone screens. This can impact older apps designed for the older versions of the phone as they will not scale to fit the new enlarged screen.

For those looking for a slim phone you are in luck! The iPhone 5 is now only 7.6 mm thick!  It's body is made of glass and aluminum which gives it a light weight of only 122 grams.

The iPhone 5 is also Apple's first LTE capable phone and will be able to use LTE networks on carries like Verizon, Sprint, Virgin, and Telstra throughout North America and the world.

Along with the new iPhone Apple introduced new ear buds, EarPods.  They have been specifically designed to be comfortable in your ears and were created in part by 3-D scanning hundreds of ears to find a shape that would work for most ears.  The ear bud wearing community surely will rejoice at the sight of comfortable ear buds, especially ones that stay put in your ear!  Check out the new design:

 

If the price tag of the new iPhone 5 is more than you'd like to pay, you may wonder if you are able to upgrade to the new iPhone. Apple has created a tool to help you figure out if you are eligable for an upgrade or not.  If you are  AT&T you can also simply dial *639# on your AT&T phone to get a text letting you know if you are eligible to upgrade.  Verizon users can also call #874 to get a text giving them the date they will be able to upgrade (this could be as short as 20 months into your plan) or log into your Verizon account.

So readers, will you be upgrading to the new iPhone 5? Is it everything you hoped and dreamed it would be? Or are you disappointed? Let us know in the comments!