SAN FRANCISCO - Apple took the wraps off its newest smartphone -- "iPhone 5" -- at a highly anticipated event in San Francisco Wednesday.

The device will actually be the sixth generation iPhone (the most recent model is called "iPhone 4S").

The new iPhone is expected to have a larger screen, faster processor and improved camera. Apple also is making some changes to services on the device. With the new iOS 6 version of its mobile operating system, Apple is replacing Google Maps in favor of its own "Apple Maps," with spoken turn-by-turn directions.

In addition, a new app called Passbook ties all of your airline boarding passes, loyalty programs and coupons together and puts them in one place.

Several websites, including The Next Web, are reporting that Apple's own search engine on the Apple.com web site was confirming the name "iPhone 5," although the link appears not be live any longer. 

 

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