 Hey, this is Josh from The Verge and we are looking at the new iPhone 5. As you can see, it looks somewhat familiar to the iPhone 4S and the iPhone 4, but I have to say when you pick it up in your hands, there is an immediate noticeable difference. It's thinner, it's lighter, it feels incredibly light actually. It's almost bizarrely light. When I picked it up, I almost dropped it because I expected more weight than is actually here. But that doesn't mean that it's cheaply constructed, the back is beautiful, matte metal finish, there's glass on these two pieces right here and then of course glass around the front. It's also got a larger screen, the much rumored and now exposed larger screen of the iPhone 5. You can also see the bezels being kind of cut down along the sides here, so it just feels like it's all screen on the front. This is the black version, which is almost all matte black, pretty sleek I have to say, pretty slick looking. Everything functions as you would expect on an iPhone. It's of course running iOS 6. We've seen early versions of iOS 6. We saw it demoed at WWDC and this is the full version here. A few new additions, Passbook is one of them, which is going to collect all sorts of boarding passes and gift cards and stuff like that, which was demoed today. There's also new mail features, for instance the VIP and flagging has been changed and lots of little nips and talks all over the OS. The big story today is not the operating system. The big story today is the hardware. I have to say it's definitely, it is an evolution in terms of the design language, but I spoke to Phil Schiller and he said that this is a complete ground up new project for them. They looked at this and they said, let's just kind of blow apart what we've already done and build something new from the ground up. You do see little differences that indicate that that's the case. Particularly one of the things that I notice is the detail on this, the machined edges of this. I heard somebody here say it looked a little bit like jewelry and I have to agree that there is kind of a jewelry feel to the way these edges are machined and as clean as they are. One other thing to note, the headphone jack has moved down to the bottom and it now has the new lightning dock port, which is much smaller obviously and faster as Apple claims and has a bunch of other features that are helpful if you're docking your phone. This is it. This is the iPhone 5. It's going to be available, I believe it goes on sale September 21st and we're going to spend a little bit more time with it. We'll have some impressions and a lot more info soon.