It’s been one whole year since the world was graced with a new iPhone, but here it is. Apple announced the iPhone 5 earlier today, their sixth-generation smartphone, at a press event in San Francisco. While the iPhone 4S saw little significant changes from the iPhone 4, the iPhone 5 has been updated in “every aspect” according to Apple.

The iPhone 5 is equipped with a larger 4-inch screen that allows for an extra row of app icons and for apps to display more information at once. Apps that aren’t updated to use the bigger screen will show black bars at the top and bottom. The iPhone 5 is the thinnest and lightest iPhone yet, measuring 7.6 mm thick and weighing 112 grams. The phone is made of glass and aluminum and comes in the standard black and white.

It’s compatible with all of the latest wireless technology, is powered by the A6 chip processor, and sports a battery life of eight hours of talk time and LTE browsing and ten hours of video playback. The phone also boasts better audio, a better display, and an improved camera.

The iPhone 5 will come in 16GB, 32GB, and 64GB and will cost $200, $300, and $400 with a two-year contact. The phone will ship on AT&T, Verizon, and Sprint on September 21.