Apple CEO Tim Cook holds up the latest iPhone, which is larger but lighter than previous versions. (Jeff Chiu/AP)
Despite the name, the phone is the sixth version of the device since the smartphone was launched in 2007.
The device is larger and taller than previous versions and now has a 4-inch screen. But at 112 grams, it’s 20 per cent lighter than the last version, Cook said.
The iPhone 5 is entirely made of aluminum and glass, he added.
As is customary for Apple, the event began with discussion about other, less high-profile news about Apple products. CEO Tim Cook addressed the crowd first.
Apple computers currently own 26 per cent of the global market. And the company’s tablet business has grown quickly. To date, Apple has sold 84 million iPads worldwide, good enough for 62 per cent of the global market share. The company has 250,000 apps for sale in its iTunes App store.