Apple unveiled its latest smartphone at an event held September 12, and as expected, the new device will be called the "iPhone 5." For the mobile development industry, the most noteworthy feature of the new phone may be its four-inch screen, which is the same width as previous iPhones but longer. Apple's Phil Schiller said that existing apps will run at the same size as they did before or developers can update them to take advantage of the additional screen real estate.
Other noteworthy features in the iPhone 5 include LTE connectivity, a revamped A6 processor that's twice as fast as the A5, longer battery life, an 8-megapixel camera, longer battery life and three microphones instead of two. The phone comes in black or white and will begin shipping to customers in the U.S., Canada, the U.K., France, Germany, Australia, Japan, Hong Kong, and Singapore on September 21. Preorders begin September 14. The iPhone 5 will cost $199 for the 16GB version, $299 for 32GB and $399 for 64GB, all with a two-year contract with AT&T, Verizon or Sprint.