The iPhone 5 is 18 percent thinner and 20 percent lighter than the other iPhones, but the price has remained the same. Apple will offer the iPhone 5 for $199 (16GB), $299 (32GB), and $399 (64GB) on September 21. Pre-orders for the next-generation iPhone open on September 14. If you're looking to upgrade from the now discontinued iPhone 3GS, but $200 is out of your price range, you can now nab an iPhone 4S for $99, or receive a free iPhone 4 with a new contract.
Apple announced the new iPhone on Wednesday, September 12 at the Yerba Buena Center for the Arts in San Francisco. The iPhone 5 features Apple's new A6 chip, a larger 4-inch display and 4G LTE. AT&T, Verizon and Sprint will carry the iPhone 5 in the US. Rogers Communications, Telus and Bell will carry it in Canada. The iPhone 5's LTE capabilities will be supported by EE and Deutsch Telekom in Europe and KDDI, Softbank, KT, SK Telecom and SmartTone in Asia.