Just as expected, Tim Cook announced the new iPhone today in Cupertino. It is simply called “iPhone 4s″. On the outside it looks exactly the same, but from the inside its completely different and new.

Apple has installed a dual-core A5 CPU inside along with a new dual-core GPU that should boosts graphics performance up to 7x. Apple also has improved the antenna, it can switch between two different sets of antennae to avoid dropping calls based on how you hold it.

The camera on the iPhone 4S has also been updated to 8-megapixel with a backside illuminated CMOS sensor for better low-light performance. You can now shoot 1080p full HD video with real-time video image stabilization and noise reduction. Apple has also managed to increase battery life, as the device now has up to 8 hours of talk time.

So there you go guy! Its not an iPhone 5, its just another iPhone 4 with an improved specs.