WOODBURY - For Apple fans, it's like Christmas come early: the company unveiled its newest iPhone today after months of rumors and speculation. As expected, the iPhone 5 is equipped with a taller screen, making room for another row of icons. Thanks to new technology that eliminates a separate touch-sensing layer in the screen, the phone is 18 percent thinner and 20 percent lighter, Apple says. The phone will also be faster, running iOS 6 software that's powered by Apple's new A6 chip. The iPhone 5 will come with the capability to connect to 4G wireless data networks, both in the U.S. and overseas. Some competing phones in the U.S. have had the ultra-fast capability for more than a year. The latest version also adds extra battery life, which had been a big complaint even among diehard Apple fans with previous iPhone models. Apple will start taking pre-orders for the new phone on Friday and the devices will start shipping a week later. Prices start at $199 with a phone contract.