Apple Announces The New iPhone 5S In Three Colors

Apple just officially announced its newest iPhone, the iPhone 5S.

As expected, the new iPhone 5S looks very similar to the current iPhone 5, but it has several internal hardware improvements. It will also come in three colors.

Apple is in the process of going through all the new features of the iPhone 5S right now. We're updating this post live, so please refresh for the latest news.

Here are the features and specs:

• It will come three colors: black and gray, white and gold, and white and gray.
• A new processor called the A7. It's a 64-bit chip. It has over 1 billion transistors.
• The processor is about twice as fast as the old chip in the iPhone 5. Graphics are 56 times faster than the iPhone 5.
• The home button looks a bit different. It now has a metal ring around it. The square-within-a-circle design is gone.
• There's a new M7 processor that contains sensors like the compass, gyroscope, and accelerometer. It will work well with health and fitness apps.
• The M7 processor integrates with a new app from Nike called Nike+ Move. It's a fitness app that tracks steps, etc.