Tablet fans waiting for a smaller, more affordable iPad will have to wait a little longer. Apple did not announce the rumored 7-inch iPad as some hoped, instead they announced the long-awaited iPhone 5, a 2.5-inch iPod nano, and fifth-generation iPod touch on Wednesday in San Francisco.
There weren't many surprises during the iPhone 5 presentation as most of the next-generation rumors finally turned out to be true. The iPhone 5 does feature a hybrid metal and glass back, 4G LTE speeds and a larger 16:9 ratio in-cell touch display. Apple managed to make the new iPhone lighter and thinner without sacrificing battery life, and added a new and faster A6 processor. The iPhone 5 also stayed the same in price. The 16GB model will cost $199, the 32GB model is $299, and the 64GB version is $399. The iPhone 4S was reduced to $99, and the iPhone 4 is free with a new contract. Pre-orders for the iPhone open on September 14. Full shipping and availability will commence on Friday, September 21, and iOS 6 drops on September 19.