Apple iPhone 5 revealed: Bigger screen, faster speed, thinner and lighter

Apple begins its announcement of the long-awaited and expected iPhone 5 at 1 pm Eastern. We can also expect updates to its line of iPods, and possibly even an iTunes makeover. Below are the highlights from the event, as brought to you by the Internet and my scouring of other sites, including Engadget and the Verge. There's also a selection of live video feeds of talking heads -- not the actual Apple event -- on UStream.


* 2:53 pm: Apple unveils new website page for iPhone 5. See features, specs, etc.

* 2:35 pm: Apple invites musical guest, the Foo Fighters, to perform. The event seems to be wrapping up!

* 2:35 pm: New ear buds for listening to music. Called: "EarPods." Pretty cool looking. Apple says it spent three years developing them. I'm not a fan of the current earphones. The new EarPods will ship as a separate accessory, but also included in new Touch, Nano and iPhone 5.

* 2:23 pm: Next up: iPod Touch updated. Fifth generation. The Touch is a big gaming device for users, according to Apple. Thinnest iPod Touch ever. Four inch display. Seven times faster graphics processor than previous Touch. A loop where you can attach a wrist strap to carry around the Touch. AirPlay and Siri support. Five colors.

* 2:17 pm: Apple now introducing new iPods. New iPod nano: longer/taller, multi-touch, more apps on the touchscreen.

* 2:15 pm: Basically, Apple threw a coat of paint on iTunes and replaced a couple windows, IMO. Some call it the "iOS-ification" of Apple's desktop apps. Where the desktop apps start to look like iPhone/iPad apps.

* 2:07 pm: New version of iTunes with iCloud built-in. (Not sure yet what that means.)

* 2:04 pm: iTunes + iPod announcement: changes to iPod and iTunes.

* 2:03 pm: iPhone 5 and iOS 6 ships Sept. 19.

* 2:01 pm: Prices: Same price as the 4S. $199 for 16GB. $299 for 32GB, $399 for 64GB.

* 1:54 pm: Available in white and black, with aluminum finishes on the back.

* 1:52 pm: Apple shows off more Siri integration with apps. Voice commands FTW!

* 1:50 pm: Apple shows off its Passbook app, that acts kinda like a mobile wallet. Also introduces shared photo streams. You can share your photos from your iPhone with others in a stream format.

* 1:45 pm: To be honest, practically no surprises in Apple's presentation so far. If you've followed the tech blogs the last couple months, all these features were predicted. Even photos leaked. Very different level of secrecy since Steve Jobs died.

* 1:43 pm: Introducing new Maps. Apple built its own mapping software and dumpled Google Maps. Apple bringing turn-by-turn navigating to its maps, which has been available on Android for years.

* 1:39 pm: New dock connector for the iPhone. Thinner. It's called Lightning. (The dock connector has its own name?!)

* 1:37 pm: Can take pictures while shooting video with the iPhone. HD camera on the front of the phone (upgrade). Better audio: 3 microphones, not 2.

* 1:36 pm: CNET talking head says she thinks so-so battery life will be the big let-down. With 4G as a battery hog, the iPhone 5 has its work cut out for it.

* 1:35 pm: Panorama mode for the camera. A lot of iPhone apps currently do this, but Apple has built their own functionality.

* 1:35 pm: Ability to take  faster photos, 40 percent faster. Less shutter lag.

* 1:32: iSight -- Apple's camera, iSight, gets updates.

* 1:30 pm: Battery life of the iPhone 5: 8 hours talk time, 10 hours Wi-Fi browsing, 225 hours standby.

* 1:26 pm: New processor chip, the A6 (made by Apple), which presumably is better  than the A5 in the iPhone 4/4S

* 1:24: "Ultra-fast wireless" -- LTE and HSPA+ ("4G") and more. Single chip, single radio, dynamic antenna. Sprint, Verizon, AT&T in the U.S. will support the iPhone.

* 1:21 pm: All iOS apps will continue to work on the new iPhone screen. No stretching of the images. Good news for developers.

* 1:21 pm: Users will be able to keep an extra row of apps on their screens, as a result of the bigger screen.

* 1:20 pm: 4 inch screen, bigger than current 3.5 inch of previous iPhones.

* 1:19 pm: 18 percent thinner. 20 percent lighter. Wow.

* 1:17pm: iPhone 5 revealed to audience at San Francisco convention center -- it rose up on a pedestal from beneath the stage. Made of glass and aluminum. Metal back.

* 1:16 pm: It's called the iPhone 5 (not much doubt there).

* 1:15 pm: Over 400 million iOS devices sold so far.

* 1:14 pm: 250,000 iPad apps. Really robust ecosystem. 700,000 total iOS apps. Average customer using more than 100 apps (some skepticism out there on this 100 apps number -- but if you count all the apps people have in their library, I believe it.)

* 1:08 pm: Cook says Apple notebooks now hold the top market share in the U.S.

* 1 pm: Tim Cook, Apple CEO, on stage. There will be a the requisite update on Apple's business: its retail stores, its App Store's downloads, etc.

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