All of us expected that Apple will announce iPhone 5 and what they finally came up with is new iPhone 4S. What you really want to know is How is it different from iPhone 4? Right? So have a look at the below image. And I really appreciate the efforts that Harsh has given way back in May 2011, revealing that the next iPhone will be called iPhone 4S not
Here is iPhone 4S vs iPhone 4
For more details to these specification, see this.
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iPhone 5 err!! iPhone 4S.