Will You Be Upgrading to the New iPhone 5?

The details on the new iPhone 5 from Apple was announced Wednesday.

As the sixth model in the series, the new iPhone is taller, thinner and lighter than the iPhone 4S, according to Apple Senior Vice President Phil Shiller in an article by CBS News.

"It's an absolute jewel," Shiller said.

Do you intend on buying the new iPhone? Tell us in the comments.

The iPhone 5 will have a 4-inch display, allowing for five rows of apps, according to CNET.

CBS reported that the biggest updates to the phone, though, are the camera and iSight. The camera will be smaller, have an 8-megapixel sensor and will be able to take panoramic photos. Additionally, video would be in 1080p HD, with 720p in the front-facing camera.

The iPhone 5 will be available in stores Sept. 21, reported CNET, and the prices run the same as its previous version of the 4S. The prices are: $199 for a 16 gigabyte version, $299 for the 32 Gb and $399 for 64 Gb.

Will you be one of those waiting in long lines for the next generation of the iPhone? Tell us in comments.