iPhone 5 unveiled

iPhone 5, the world's most awaited gadget, was unveiled by Apple on Wednesday,

iPhone 5 is said to be everything that a smartphone owner could possibly ever desire for: It is taller, leaner, lighter, shinier and packs in much more punch than ever, The Times of India reported.

The media launch event is still on at the Yerba Buena Center in San Francisco where Cook shocked everyone by suddenly taking the wraps of iPhone 5 without much ado, sending the gushing Apple aficionados into a tizzy.

The new iPhone 5 is 7.66mm thick, almost a whopping 18% thinner than its predecessor iPhone 4S, weighs just 112 gram, again 20% lighter than 4S. It packs a phenomenal 326 pixel and packs 1136x640 resolution with 16:9 aspect ratio. It has retina display and pixel density of 326.

Under the hood, the Apple iPhone runs on a quad-core Cortex A6 processor, which makes the device twice as fast as its predecessor. In fact, in another first for iPhone, the iPhone 5 uses a common chip for voice as well as data and a single radio chip.