Apple Unveils iPhone 5s, First 64 Bit Smartphone

Apple confirmed iPhone 5s rumors on Tuesday at its special media event. The new top of the line model includes an Apple-designed A7 processor, and the company said this is the first 64-bit smartphone.

iPhone 5S: 64-bit in Silver, gold, and blackiPhone 5S: 64-bit in Silver, gold, and black

The iPhone 5s includes a 4-inch Retina Display, and is available in three colors: Space Grey instead of black, white with silver, and white with gold. Apple's Phil Schiller said CPU performance is 40 times better than the original iPhone.

Apple's move into wearable tech is coming as part of the iPhone 5s instead of the rumored iWatch. The 5s includes what Apple dubbed as the M7 processor which essentially turns your smartphone into a Fitbit that makes phone calls.

The built-in camera includes dual flashes for more natural lighting, includes a burst mode at 10 frames per second, captures video at 720p and 120fps. The camera offers better dynamic range, and captures multiple images when you take a photo, then presents you with the best.

According to Mr. Schiller, the iPhone 5s offers battery life that's at least as long as the iPhone 5 at 250 standby hours.

The new model also includes a fingerprint sensor that's built into the Home button, just as was expected, that lets you use your thumb print instead of a password and also lets you authenticate for iTunes purchases.

Apple is pricing the 16GB version at US$199, the 32GB model costs $299, and the 64GB version costs $399. While iPhone 5c pre-orders start on September 13 and will be in stores on the 20th,  the iPhone 5s will be available starting on September 20 -- no pre-orders available.