Members of the media experience the iPhone 5 after its introduction during Apple Inc.
Phil Schiller, senior vice president of worldwide marketing at Apple Inc, speaks about iPhone 5 pricing during Apple Inc.
Apple's iPhone 5 got the attention, but the company made several other product announcements Wednesday.
It is expected that the iPhone 5 willlaunch in September, but the iPhone 4S is likely to continue to sell after this date, probably at a cheaper price, so could reach its target of 162 million units sold.
If 85 per cent of those are the next generation then that yields about 170 million iPhone 5s through mid 2013.
With the arrival of new iPhone 6 variants and the price reduction of the iPhone 5S and iPhone 5C, Apple has finally decided to phase out the iPhone 4S.
Furthermore, the iPhone 5S runs on iOS 7 that is upgradable to iOS 7.
As far as the battery goes, the iPhone 5S houses a Li-Po 1560 mAh battery unit.
VA_K5fmSzG9) Retina HD ) display, whereas the iPhone 5S comes with a 4.
The iPhone 5S is packed with a non-removable 1560mAh battery.
The 16 GB iPhone 5S is now available with an on-contract price of $99, while the 16 GB model of iPhone 6 can be now pre-ordered for $199.
The rear of the iPhone 5S has a matte aluminum plate placed between two strips of glass frame.