The widely-leaked phones speak to two  different markets, with the more expensive 5S maintaining the same  premium build, internal specs and price as the former iPhone 5, while  the 5C enters the market as a so-called lower-cost variant.
iPhone 5C 
First, the iPhone 5C. It will be available in green, yellow, blue, white and red. Apple claims that there are no seams or joints in the device — it is made with a single piece of “hard-coated” polycarbonate.
It has a 4-inch display with the same 1136×640 pixel resolution as the  iPhone 5. It also has the same A6 chip and 1GB of RAM of the iPhone 5.  There’s a new HD FaceTime camera on the front and an 8MP iSight camera  on the back with BSI, IR filter and 5-element lens. Looks to be the same  one as the iPhone 5, too.
 
It will also have full LTE connectivity and dual-band WiFi along with Bluetooth 4.0.
The company is touting the iPhone 5C as  an introductory phone for many users, and the device will come with a  variety of cases for $29 each. 
iPhone 5S
The second phone on the docket today is the iPhone 5S.
The iPhone 5S has a 4-inch 1136×640  pixel IPS display, identical in size and resolution to the current  iPhone 5. What’s different is tantamount to the typical evolution of an  iPhone: a faster processor, improved camera, colour additions and, yes, a  fingerprint scanner.
According to Apple, it’s the “most  forward-thinking phone we’ve ever created.” It comes in a new gold  colour, in addition to the existing white and slate.
Probably the most important improvement is the A7 chip, a 64-bit SoC that’s “the first ever of its kind in a smartphone.”  It has over one billion transistors and a modern instruction set — this  is truly a computer, just shrunk to a 102mm squared die size.
While apps will have to be re-engineered  to support the new instruction sets, it opens up a number of  possibilities for mobile computing (can’t wait to see what the A7X is  capable of in the new iPad this fall).
To the layman, it means that the A7 CPU  and GPU are twice as fast as the iPhone 5?s A6. The new GPU supports  OpenGL 3.0, which is one of the newest programming frameworks for 3D  games (which also came recently to Android 4.3).
There’s also something called the M7, a  chip that works alongside the A7 to measure motion data, accelerometer,  gyroscope and compass. It works with the newest generation of health and  fitness apps such as Nike+ Move, to track all of your movement. This  works instead of a Fitbit.
The iPhone 5S promises 10 hours of battery life from LTE browsing and 3G  talk time, along with 40 hours of music playback and a staggering 250  hours of standby. Similar to last year’s model.
The new camera is also improved over the  former model, with a wider f/2.2 aperture and bigger pixels despite the  8MP resolution. This lets in more light — a 15% larger active sensor  area — which automatically makes better photos from the same lighting  scenarios. There’s also a digital form of image stabilization, and a new  burst mode at up to 10fps. The software analyzes multi-photo series and  chooses the best one. This is similar to Best Shot from the HTC One and  Galaxy S4. It also has dual flash.
The camera support 120fps slow motion  (slo-mo) as well at 720p, and the built-in editor can speed up or slow  down certain parts of the video for a great effect.
Perhaps the most important addition to  the device is a digital fingerprint scanner. That ring around the  mechanical home button indicates when it’s being used. Called Touch ID,  “it reads your fingerprint at an entirely new level,” with 500ppi  resolution and 360 degree readability.
The use cases are many, and Apple says Touch ID has been deeply integrated into iOS  7. It allows you to authenticate purchases using just a slight  depression of the home button. There is a sapphire crystal lens that  takes a photo of a user’s fingerprint and analyzes it for consistency.
In Apple tradition, Touch ID can be used  by multiple people, and sensitive information is not stored on Apple’s  servers at all. All data is encrypted, too.
Indian pricing has not been revealed yet  but the US price points are the same as the iPhone 5 before it.  Pre-order for the iPhone 5C will begin on the 13th while the iPhone 5S  can be booked starting from the 20th.
Apple unveils new iPhone 5S and 5C by ITN News
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