Apple Introduces New iPhones

The new models are called the 5C and the 5S. The iPhone 5C will be the cheaper version of the iPhone, priced at $99 (16GB) and $199 (32GB) with a two-year contract. Think of it as a cheaper, more colorful version of the current iPhone 5. Under the hood, it has all the capabilities of the current model, and it comes housed in a plastic cover, available in 5 colors.

The iPhone 5S, on the other hand, has some significant upgrades over the current iPhone. The new 5S will have a faster processor, a new motion processor, improved battery life, and a new fingerprint security system. The new phone will come in 3 colors: gold, silver and black/gray. There are 3 prices depending on memory capacity: $199 (16GB), $299 (32GB) and $399 (64GB).