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Everything You Need to Know About the iPhone 5

 

When: The announcement is expected on September 12th 2012 at 10AM PDT. Pre-orders are expected some time on Friday September 14th, and sales are expected on Friday September 21st.

How Much?: The new iPhone is expected to cost the same as the iPhone 4s. $199 for 16GB, $299 for 32GB, and $399 for 64GB all with a new 2 year agreement from your carrier.

Whats New?:  While the details are not known, rumors point to a new 4″ Retina display, 4G LTE internet, and new and improved hardware.

The iPhone 5 is expected to be announced today at 10AM Pacific (1 PM Eastern). MacRumors has put a great page up on what we expect from the announcement.

The next iPhone will be announced at Apple’s September 12 media event, with in-store availability likely on September 21. Apple usually offers some way to pre-order the iPhone so you don’t have to wait in line. This year appears to be no different, with pre-orders reportedly opening up on or a couple of days after the announcement day.

The biggest distinguishing feature in the new iPhone will be a longer 4″ screen, up from 3.5″ on all earlier iPhone models. The screen will be longer, but not wider. It should feel about the same in your hand, but the added vertical height will provide some extra screen space for your apps. Movies will also be able to play in full widescreen (16:9) format without any black bars at the top and bottom.

Overall the next iPhone will look similar to the iPhone 4S but have a two-tone(aluminum/glass) back, as shown below, and also be slightly thinner. We’ve seen photos and video of newly designed headphones that we believe are destined for the new iPhone.

The dock connector has been replaced with a smaller/thinner connector, so existing accessories and cables won’t work. You will have to either buy an adapter or all new accessories if you are upgrading from an existing iPhone.

The wireless cellular networking in the next iPhone is believed to be the faster LTE standard which means downloads (video, email, music) will be much faster than the existing models which support only 3G. We also expect the processor to be upgraded (likely to an “A6″), but exact details are still pretty scarce. Generally, though, “faster” is a safe bet for any subsequent iPhone.

Apple had dropped the numbering scheme from the iPad with the most recent release, so it has seemed likely that Apple would do the same for the iPhone. The media event invitation, however, seems to suggest that the new iPhone will indeed be called the “iPhone 5″.

The iPhone 3GS is likely to be discontinued, with the iPhone 4 and 4S being used to fill the free-with-contract and $99-with-contract spots in Apple’s lineup. Pricing for the iPhone 5 will be at the same price points as the iPhone 4S ($199/$299/$399) with contract.