Earlier today, Tim Cook, CEO of Apple, delivered the much anticipated announcement of Apple’s iPhone 5. This announcement was packed full of information and provided many improvements and capabilities that this smartphone holds, including being made of entirely of glass and aluminum, 18% thinner and 20% lighter than the iPhone 4s, 5 rows of applications, 225 hours of standby time on the battery, three microphones, and more. With a new contract, pricing on the iPhone 5 are the following: $199.00 for the 16GB, $299.00 for the 32GB, and $399 for the 64GB. Pre-orders for this phone will begin September 14th with the phone being available on September 21st. Check out Jonathan Ive, Senior Vice President of Industrial Design, talk about its construction more pictures from the conference and of the phone below.