iPhone 5 announced: A new dock connector and a larger screen
First of all, there's a new cord. iPhones have always used the same 30-pin dock connector that iPods use. This is where you charge the phone, how you connect it to speakers and docks, and more. The new iPhone5 will use a different, smaller dock connector, which they're calling "Lightning." In order to connect the iPhone 5 to your old accessories you'll need an adapter, which Apple will sell separately.
More big news? The screen will be larger! The new iPhone will have a 4-inch tall display, as opposed to the previous 3.7-incher. (The width will remain the same.) You'll fit more icons on your home screen. Old apps that don't use the full height of the screen will be "letterboxed" -- meaning there will be black bars on either side of the screen, like when you watch an old movie on a new TV.
The cameras have also been improved; most notably, the front-facing camera is better quality and the new version has three microphones -- all the better to hear you with, my dear. The processor and 4G LTE make the phone faster than previous models. The new version boasts an 8 hour battery life for 3G and LTE talk, while if you're just using WiFi it'll last for 10 hours.
What do you think, tech fans? Time to trade up?