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All the latest from Apple's big iPhone event

Phil Schiller, Apple's senior vice president of worldwide marketing, speaks on stage during an introduction of the new iPhone 5.

Phil Schiller, Apple's senior vice president of worldwide marketing, speaks on stage during an introduction of the new iPhone 5. // Eric Risberg/AP

Finally, Apple has confirmed what we already knew, introducing us to the iOS6 equipped iPhone 5, a thinner, lighter version of its phone, with a bigger 4-inch screen. 

The iPhone 5

New Skinner, Lighter, Bigger Design: It is pretty much what everyone expected: "It is made entirely of glass and aluminum. It's designed and built to an exacting level of standard unlike anything we, or anyone in our industry, have made before," explains Phil Shiller on stage. It has that two toned design everyone expected, with the metal back and the glass outlines. It comes in both black and white. It is also thinner, at 7.6 mm, which also makes it 112 grams. The screen is that bigger 4-inches, too, that gives it a fifth row of icons, shows more mail, and perhaps most sensibly, the calendar now shows a full five day work week. 

Better Screen: The bigger 4-inch screen has a 6:9 aspect ratio, which Shiller ensures us looks better. They also made it more touch sensitive. "This is the most accurate display in the industry. The touch sensors are integrated right into the display itself. We removed a layer and made it sharper. This is the world's most advanced display, and I couldn't be prouder of it," he said. 

Faster 4G LTE Service -- Globally: The iPhone will run the LTE network On AT&T, Verizon, and Sprint, in the U.S., as well as a whole bunch of other countries around the world. Apple also claims the WiFi will work faster, too. 

iOS 6

Apple already introduced the software back in June, so we know a lot of what's coming. But, we'll get the first look of the finished product on the new phone today. 

Apple Maps: This is the first software update without the Google made product. So far it has a lot of what we get with Google Maps. It has over 100 million point of interest searches, turn by turn directions, and a 3D mode. 

Smarter Siri: The bot now knows about sports and movies. It can even make reservations for you. 

Read more at The Atlantic Wire.

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// 1:14 PM ET