If you haven't been following the news of my twitter stream today, around 10AM Apple started its annual iPhone event. You can read all about it on Apple's website but here are a few details. The iPhone 5c is a colorful addition to the lineup with white, pink, yellow, blue and green while the 5s will be offered in silver, space gray and the new gold. The biggest highlights come from the iPhone 5s debuting a new camera, dual LED flash, slow motion video at 120fps, and the new biometric Touch ID home button that can be used to purchase apps on the App Store and primarily unlock your phone. For the techies out there, it's also the first smartphone in the industry to have a 64-bit A7 processor making it 2x faster than the now defunct iPhone 5. The 5c starts at $99 available for pre-order this Friday while the 5s can be ordered starting on the 20th. At $199, you'll have to chose between a 16GB iPhone 5s with all those new features of the 32GB iPhone 5c. Which one will you go with?

If you want a thorough update on what's new on the iPhones, check out 9to5mac. You can also find both iPhone 5s videos on Apple's website here.