The new IPhone5 just got bigger,thinner and faster

ALL ABOUT THE NEW JEWEL

• Screen:4-inch diagonally; 326 pixels per inch
• Weight: 112grams
• Chip: An LTE one that connects to the fastest 4G network
• Camers: 8-megapixel sensor.Features like panoramic mose,and low-light photography.Front-facking camera shoots 720p video.
• Processor: Apple designed A6 chip
• Battery: Supports 8 hours of talking on 3G networks or talking and browsing on LTE networks, 10 hours of Wi-Fi browsing
• Microphones: 3 - front,back and bottom 
• Price: Starts at $199 with 16GB of storage, 2-year cpntract
• Availability: From Sept 21 in the US
• GOOD NEWS: iPhone4s price drops to $99 with contract

Apple Inc Unveiled a new iPhone that has a bigger screen,faster chip and access to speedier wireless networks an overhaul aimed at widening its lead over Samsung Electronics and Google in the $219.1 billion smartphone market.

The new device will be called iPhone 5,Apple said on Wednesday at a press conference in San Francisco. The smartphone has a four-inch screen,is thinner and lighter than earlier models and sports a so-called A6 chip that can process commands more swiftly. The case is made of aluminium and glass,Apple saod.

Coming almost a year of apple co-founder Steve Jobs, the next iPhone is the first Hardware redesign of the product since 2010. After a popularizing handheld-touch-screen devices that offer swift Web downloads and a range of games, entertainment and productivity tools, Apple is seeking to stay ahead of competitors including Samsung, Google, Microsoft and Nokia Oyj in a market that surged 78% last year."They have built a juggernaut,"said Matt Murphy, a partner of Kleiner Perkins Caufield and Byers, the venture capital firm that invests in iPhone application companies."This is going to be an absolutely blowout, homerun product."

Shares were little changed at $666.10 as of 1:30 pm in New York, hanging onto the surge that lifted Apple stock 63% this year through Tuesday.