iPhone 5, the world's most-awaited gadget, is here. iPhone has been here since 2007, but Apple gave it a completely new avatar made

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iPhone 5, the world's most-awaited gadget, is here. iPhone has been here since 2007, but Apple gave it a completely new avatar made of glass and aluminium on Wednesday in a bid to take on the rising challenge from Android brigade.(Getty Images)

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iPhone 5 is everything that a smartphone owner could possibly ever desire for: It is taller, leaner, lighter, shinier and packs in much more punch than ever.(Getty Images)

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Yet, to call it a completely revamped, revolutionary smartphone that was being expected of Apple in the post-Jobs era would be a hyperbole. While the launch seemed to enthuse Apple watchers, it had little impact on the company's stock price movement on the Wall Street.(Getty Images)

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However, Apple did well to retain the same price tags as earlier generation iPhone 4S. iPhone 5 will cost the same as its predecessor -- $199, $299 and $399 for 16, 32 and 64 GB versions respectively. For now, Apple has announced iPhone only in two colours - slate (black) and silver, with aluminium finish, but no white.(Getty Images)

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Pre-orders for the iPhone 5 will commence on September 14 and it will hit the shelves in US, UK, Canada, Germany, France, Australia, Japan, Hong Kong and Singapore on September 21, followed by 22 more countries on September 28. Apple again did not make any announcement about India launch plans, but iPhone 5 is expected to arrive in India in the first half of November.(Getty Images)

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Apple launches iPhone 5

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