Apple Unveils Thinner, Lighter iPhone 5

And it's here: Apple has unveiled its sleeker iPhone 5, and if you've been following the leaks ahead of time, there are no big surprises. Some highlights:

• It is the thinnest and lightest iPhone yet (0.3 inches thick and 4.3 ounces). The phone is made entirely of aluminum and glass.
• The screen is 4 inches diagonally, up from 3.5 inches on the 4S.
• The price is $200 for 16GB with a two-year carrier contract, $300 for 32GB, and $400 for 64GB.
• Preorders start Friday and shipping starts on Sept. 21.

• It will work on 4G cellular networks (LTE) and be supported by Sprint, Verizon, and AT&T, reports the AP.
• In addition to faster WiFi, the phone has a faster processing chip and, supposedly, better battery life.
• “It’s a jewel," says Apple's Phil Schiller. "It’s the most beautiful product we’ve ever made, bar none."

Lots of live blogging going on, including at the Wall Street Journal, Gizmodo, CNET, TheNextWeb. (More Apple stories.)