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Apple unveiled a new version of the iPhone at an event Wednesday in San Francisco.

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Apple senior vice president of worldwide product marketing Phil Schiller announced the new iPhone 5.

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The iPhone 5 will cost the same as the iPhone 4S did when it debuted, starting at $199 with a two-year contract in the US.

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Schiller talked about the iPhone's improved camera at the event.

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Schiller also talked about the device's battery life.

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The iPhone is also getting a new connector to attach to computers and chargers. It had been using the same one from the iPod.

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The many generations of iPhones were displayed behind Schiller.

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The iconic white earbuds are getting an update. Now called earpods, they sport an earpiece that is more cylindrical.

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Before the iPhone announcement, Apple CEO Tim Cook talked about a new Apple store in Barcelona.

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Cook poked fun at competitors to Apple's iPad tablet, suggesting they are probably being kept in drawers somewhere.

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The Foo Fighters performed at the end of the event.

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Journalists and attendees lined up outside of Yerba Buena Center for the Arts in San Francisco before the event.