<p>After months of rampant rumors and hype, Apple debuted its latest smartphone Wednesday in front of a packed house at the Yerba Buena Center for the Arts, claiming it is the world's thinnest.</p><p>The iPhone 5 features a larger screen and weighs 112 grams, or about 4 ounces, which is 20% lighter than the iPhone 4S. It is also 18% thinner, Apple's marketing chief Phil Schiller said. It has an improved A6 processor that is twice as fast as its predecessor, high-speed 4G LTE connectivity and a widescreen aspect ratio.</p><p>PHOTOS: Apple iPhone 5</p><p>Apple has also improved the device's battery life and updated both of its cameras, giving its front camera 720p HD video. The company also announced a smaller dock connector for the device and a new cable charger named Lightning that is 80% smaller than its predecessor.</p><p><a href="http://www.latimes.com/business/technology/la-fi-tn-apple-iphone-5-announced-20120911,0,5119774.story">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.usatoday.com/tech/story/2012/09/12/apple-iphone-5-makes-glowing-first-impression/57762488/1">Baig: Apple iPhone 5 makes glowing first impression</a> (USA TODAY)</p><p><a href="http://money.cnn.com/2012/09/12/technology/apple-iphone-5-event/index.html">Apple unveils new, thinner iPhone 5</a> (CNNMoney)</p><p><a href="http://reviews.cnet.com/8301-19512_7-57511246-233/iphone-5-what-we-didnt-get/">iPhone 5: What we didn&#039;t get</a> (CNET)</p><p>Explore: <a href="http://news.google.com/news/more?pz=1&ned=us&ncl=dJODyQPjZNjQYzM_a48sdwp4pX_IM">4,344 additional articles.</a></p>