After months of rampant rumors and hype, Apple debuted its latest smartphone Wednesday in front of a packed house at the Yerba Buena Center for the Arts, claiming it is the world’s thinnest.

The iPhone 5 features a larger screen and weighs 112 grams, or about 4 ounces, which is 20% lighter than the iPhone 4S. It is also 18% thinner, Apple’s marketing chief Phil Schiller said. It has an improved A6 processor that is twice as fast as its predecessor, high-speed 4G LTE connectivity and a widescreen aspect ratio.

Apple has also improved the device’s battery life and updated both of its cameras, giving its front camera 720p HD video. The company also announced a smaller dock connector for the device and a new cable charger named Lightning that is 80% smaller than its predecessor.

Siri got a makeover as well, and can now tell users the scores of sports games and post status updates to Facebook.

The iPhone 5’s dock connector has also been made smaller.

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The device will be available in black and white. It will be available for $199, $299 and $399 for 16GB, 32GB and 64GB models, respectively. Pre-orders begin Friday and the iPhone 5 will launch Sept. 21.

The company said iOS 6 will arrive as an update for many of its iOS devices Sept. 19.

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