Apple announces iPhone 5C/5S

Craig Federighi, senior vice president of Software Engineering at Apple, speaks during the new product release in Cupertino, Calif., Sept. 10, 2013.

Read more: Apple announces iPhone 5S, 5C, iOS 7 release date

The iPhone 5S comes in silver, gold and "space gray"

The iPhone 5S will feature an A7 chip, the world's first 64 bit mobile phone.

The much-anticipated TouchID feature uses your fingerprint as a security measure. It will be built into the home button of the iPhone 5S.

A sapphire crystal button, steel ring, and sensor are built into the home button of the iPhone 5S

Your fingerprint becomes the password for the iPhone 5S

A chart demonstrates the improved graphics performance of the new iPhone 5S

The M7 is a new feature - it is a motion co-processor that aggregates and monitors accelerometer, gyro, and compass data. This feature will help the iPhone 5S to better integrate with health and fitness apps.

The iPhone 5C's camera will feature a new 5-element, Apple-designed lens with f/2.2 aperture and a 15 percent larger sensor.

Apple announces the new iPhone 5C which will run iOS7

Phil Schiller announces the new iPhone 5C

Phil Schiller, Apple's senior vice president of worldwide product marketing, speaks on stage during the introduction of the new iPhone 5c in Cupertino, Calif., Sept. 10, 2013.