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Apple officially presented the latest iPhone 5 at the Apple Event at San Francisco’s Yerba Buena Center yesterday. Despite the fact all the details and specs of the device have been kept secret until the event in accordance with Apple’s policies,  the new iPhone 5 looks and feels exactly like the numerous leaks and rumours seen online over the last few months.

Possibly the biggest improvement over the previous iPhone models – or, at least, the most obvious one –  is a taller 4” screen, with a 16:9 aspect ratio, which means it’ll be perfect for watching movies. iPhone 5 also features 4G LTE connection, meaning data speeds will be roughly as fast as your cable and DSL modem, as well as the faster A6 processor chip.

However, none of the iPhone 5 features are really seen for the first time on a smartphone. The first reactions of the tech communities worldwide are therefore somewhat mixed – Apple seems to be losing its reputation of being the chief innovating company.

Nowadays, it is truly rare – if not impossible – to find a new Android phone with anything smaller than a 4-inch screen. Actually, Android companies continue to make their phones bigger and bigger, sometimes to the point of ridiculousness.

Another major iPhone 5 upgrade, LTE, the fastest wireless data transfer standard available at this point has been around since the launch of HTC Thunderbolt in spring 2011. For over a year (a century by tech standards), nearly every flagship non-iPhone device ran on LTE networks.

The new iPhone 5 connector is another source of frustration for most people – while Apple will also release the adapter to make older Apple devices and accessories compatible with iPhone 5, its price of $29 and incompatibility with Video and iPod Out connections will probably make some customers stick to their current iPhone models.

Here’s the full list of specs and features of iPhone 5:

* Glass and aluminum housing

* Width: 7.6mm, Weight: 112 grams.

* 4-inch screen at 1135 X 640 pixel resolution and a 16:9 screen ratio.

* Apple’s apps like Mail, Keynote, Garage Band, etc. updated to fit the new screen size.

* Older third-party apps are mostly compatible with iPhone 5, but unless they have been updated to the new screen size, they will have black bars on either side of the screen.

* More accurate touch response due to integrated touch sensors.

* LTE connectivity.

*Runs on Sprint, AT&T, and Verizon in the U.S.

* Wi-Fi chip runs at 5 GHz, allowing for faster, more reliable connections to Wi-Fi networks.

* New A6 processor, two times faster than the chip processor of iPhone 4S.

* Better battery life than the iPhone 4S, with 8 hours of 3G talk time and 8 hours LTE web browsing.

* New iSight 8 MP camera, 25% smaller than on previous iPhone models. The iSight camera will work better in low light and can photos 40% faster than the camera of iPhone 4S. iSight camera also features a panoramic mode, 1080p HD video recording, face detection, and you can take photos while recording video. The front FaceTime camera takes 720p HD video.

* Noise-canceling earpiece and advanced microphones for better audio calls.

* New Apple dock connectors called Lightning.  Adapter is required for older iPhone accessories.

* Available in black and white.

*The same pricing as the previous iPhone models: $199, $299, and $399 for the 16 GB, 32 GB, and 64 GB models, respectively.

* Pre-orders begin on September 14 2012



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