Apple announced the iPhone 5, featuring a four inch screen, 326 pixels per inch Retina display and letterbox support for older apps. The phone also has LTE for faster downloads and uploads using “Ultrafast Wireless” technology.

The company also refreshed the iPod with the same screen as an iPhone 5 and a A5 processor from older iPhone models. Other iPhone 5-like improvements include a 5 megapixel, backlit camera sensor, LED flash, autofocus and the new panorama mode in iOS 6 along with 150 Mbps wireless with 802.11 a/b/g/n support with 2.4- and 5 GHz bands for 802.11n and Siri support.

The iPhone 5 will come in models ranging from 16 GB, 32 GB and 64 GB models starting at $199 and going through $399 and will come in black or white. The new iPod will have 32GB model selling for $299 and the 64GB model will be $399 and be available in pink, yellow, blue, black, slate and a white and silver combo.