iPhone 5S and iPhone 5C – Features, Specs, Prices Unveiled

Apple CEO Tim Cook finally unveiled its new smartphones, the new iPhone 5S, and the new iPhone 5C which is twice as fast as the iPhone 5, at an event at the company’s Cupertino, Calif., headquarters on Tuesday.

The basic 16GB iPhone 5s model will run $199 for the 16GB version, $299 for 32GB and $399 for 64GB on a two year contract.

The iPhone 5C will cost $99 for the 16GB model and $199 for the 32GB model.

The 5S includes a fingerprint sensor that will replace passwords. It will come in three colors: silver, gray and gold. The flagship device appears similar to the iPhone 5, but hardware upgrades include a beefed-up camera with a dual-LED flash to improve color balance. It also features Apple’s new A7 chip and a new M7 “co-processor” that measures motion data — a valuable feature for health and fitness apps.

The 5C comes in white, green, blue, red and yellow. It features a polycarbonate shell, instead of the glass and aluminum body of the current iPhone 5. Its guts include Apple’s A6 chip and 8-megapixel camera, like the existing iPhone 5.

Apple will begin taking pre-orders on September 13. The new device will go on sale September 20 in nine countries, including the United States and China.