Design :
As expected, the new iPhone comes with a new two-tone design as suggested by numerous leaks before. Despite of new colour scheme used in the design, the smartphone resembles the iPhone 4/4s. The phone is 18% thinner than its predecessor and 20% lighter as well.The iPhone 5 is slightly taller with its screen measuring 4 inches diagonally, comes with a resolution of 1136 x 640 resolution, 16:9 aspect ratio and 326 PPI (Retina Display), 44% more color saturation and integrated touch, which explains its thinness.
Processor/GPU/RAM :-
The RAM remains the same (1GB), GPU and CPU (A15 architecture) are said to be twice as powerful than the iPhone 4S.Wireless :-
The iPhone 5 supports GSM, CDMA, LTE and a wide range of other wireless technologies.1.GSM model A1428*: UMTS/HSPA+/DC-HSDPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz); LTE (Bands 4 and 17)
2.CDMA model A1429*: CDMA EV-DO Rev. A and Rev. B (800, 1900, 2100 MHz); UMTS/HSPA+/DC-HSDPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz); LTE (Bands 1, 3, 5, 13, 25)
3.GSM model A1429*: UMTS/HSPA+/DC-HSDPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz); LTE (Bands 1, 3, 5)
4.802.11a/b/g/n Wi-Fi (802.11n 2.4GHz and 5GHz)
5.Bluetooth 4.0 wireless technology.
Camera :-
The iPhone 5′s iSight still uses an 8MP sensor, but the system has been upgraded, as has the FaceTime camera with HD capabilities:1.8-megapixel iSight camera
2.1080p HD video recording at up to 30 frames per second with audio
3.FaceTime HD camera takes 1.2MP photos and 720p HD video\
Battery Timings:-
Despite the fact that it has a larger display and LTE, Apple says the iPhone 5 still has great battery life (Remember last time when Apple made such promise?):1.Built-in rechargeable lithium-ion battery
2.Talk time: Up to 8 hours on 3G
3.Charging via USB to computer system or power adapter
4.Standby time: Up to 225 hours
5.Internet use: Up to 8 hours on 3G, up to 8 hours on LTE, up to 10 hours on Wi-Fi
6.Video playback: Up to 10 hours
7.Audio playback: Up to 40 hours
Pricing :-
As usual, the iPhone 5 comes in both black and white, as well as three different storage options. And the price points are the same as well (remember, these prices are subsidized and require at least a two-year carrier contract):1.16GB iPhone 5 is $199
2.32GB iPhone 5 is $299
3.64GB iPhone 5 is$399