FOX News: Apple unveils the iPhone 5

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Apple unveils the iPhone 5 Sep 12th 2012, 17:45 SAN FRANCISCO –  After weeks of speculation, anticipation and a dose of hype, Apple unveiled the next generation iPhone at a special event in San Francisco, Wednesday. Apple CEO Tim Cook and vice president of marketing Phil Schiller took the stage at the Yerba Buena Center for the Arts Theater, where Apple has held many product launches to release the new smartphone. "It's an absolute jewel," Schiller told the crowd of fans. The new version of Apple's flagship device is made of glass and aluminum; Schiller said it was 18 percent thinner than before and 20 percent lighter than the 4S. It sports a larger, 4-inch screen, meaning the company could fit in an extra row of icons.  It's also compatible with several new wireless networks, including HSPA+, DC-HSDPA, and LTE, meaning the iPhone can finally match the wireless speeds of competing products such as the Samsung Galaxy line. And the iPhone 5 is twice as fast as the 4S, Schiller said, thanks to a new A6 processor. The new phone sports an 8MP camera, similar to earlier models, but it has better low-light performance and faster image captures. Schiller showed off a photograph captured by the new phone that he said was 28 megapixels. "Here's pictures from the iPhone 5. These are from the camera... untouched," an apparent reference to Nokia, which was called out last week for faking images from its flagship Lumia 920 phone.  "It's an amazing time at Apple," Cook said to begin the show, noting that 83 million visitors popped by their local Apple stores and over 7 million people downloaded the latest operating system update, Mountain Lion. The company sold 17 million iPads last quarter, Cook said. "[Apple] sold more iPads than any PC manufacturer sold of their entire PC line," Cook told the crowd -- 84 million as of June. ... STORY DEVELOPING. More at FoxBusiness

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