The iPhone 5C will cost $99 for a 16gigabyte model and $199 for a 32

The iPhone 5C will cost $99 for a 16
gigabyte model and $199 for a 32
gigabyte model with a two-year wireless
contract. The phone is expected to help
Apple boost sales in China and other
regions where people don't have as much
disposable income to spend on new
gadgets compared with the U.S. and
Europe.
The second phone, the iPhone 5S, is "the
most forward-looking phone we have
ever created," said Phil Schiller, senior
vice president of worldwide marketing
at Apple. It will come in silver, gold and
"space gray" and will run on a new chip,
the A7, which is up to twice as fast as the
A6.
Click here to enlarge the 5C comparison
chart>>
Apple also said that its next mobile
operating system, iOS 7, will be available
as a free download on Sept 18.
Craig Federighi, head of software at
Apple Inc., said at an event at the
company's Cupertino, Calif.,
headquarters that "downloading iOS 7 is
like getting an all new device."
The new system can be downloaded and
installed on the iPhone 4 and later
models, as well as on the tablets
beginning with the iPad 2.
Click here to enlarge the 5S comparison
chart>>
Apple also says it expects to ship its 700
millionth iOS device next month. Apple
CEO Tim Cook predicts that iOS 7 will
become the most popular mobile
operating system in the world.
Investors seemed unimpressed with
Apple's latest gadgets. The company's
stock price fell $3.17 to $503.10 during
the event.