Here's my personal take on the latest iPhone (iPhone 5, which is actually the 6th iteration). For technical specifications and technical details, i should refer you to Apple:
http://www.apple.com/iphone/specs.html
I don't want to drown you more with very detailed and unadulterated review and description. Cyberspace already contains a lot of those. So, let me just focus on practical usage from my point of view (who else. lol). Since my previous phone was iPhone 4 (not 4S) i would also add a few comparisons here and there.
Overview:
I got the black iPhone 5 16Gb. Yes, i actually prefer the 16Gb over the 32, 64Gb models. My previous iPhone 4 was also 16Gb - and i haven't been able to fill it up. So, it is a matter of preference and usage. I only put in specific songs (the rest stays on the desktop), and i don't usually watch movies (unless from youtube) on my phone.






