At today’s Apple event, the company just unveiled the all new iPhone 5. Like many predicted, it sports a 4-inch 16:9 screen, 4G LTE, and a faster A6 processor.

The iPhone 5 is also much thinner and lighter – coming in at 7.6mm thick and 112 grams. That’s 18% thinner and 20% lighter than the iPhone 4S.

And to Apple fans’ delight, the camera has also received some improvements.

The 8 megapixel camera now features backside illumination, a hybrid IR filter, a five-element lens, and f/2.4 aperture. More features include spatial noise reduction, a dynamic low-light mode, and faster photo capture.

“The ocean looks bluer, kids look happier, and the world is a more beautiful place,” said Apple Marketing VP Phil Schiller.

Apple also unveiled Panorama mode, which allows users to take large horizontal panoramic images with their camera. According to Schiller, these wide images can clock in at up to 28 megapixels (and maybe more).

Video has also received an upgrade. The FaceTime camera is now HD (720p), and the rear camera offers 1080p HD with improved video stabilization.

You can now take still photos while recording video as well.

More details on the device are emerging. You can check out more features of the iPhone 5 here and full Apple event coverage here.

[image via The Verge]