Apple Inc. (NASDAQ:AAPL) has unveiled the new iPhone 6 and iPhone 6 Plus, providing live updates and here is all you need to know about the two devices. In line with expectations the iPhone 6 has a 4.7-inch display and the iPhone 6 Plus has a 5.5-inch display. The display resolution of iPhone 6 and iPhone 6 Plus are 1334×750, 326ppi and 1920×1080, 401ppi respectively. That translates into more than 1 million pixels for the iPhone 6 and more than 2 million pixels for iPhone 6 Plus.

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Apple Inc. (NASDAQ:AAPL) is saying that these phones are the thinnest device it has ever made, the thickness of iPhone 6 is 6.9 mm and that of iPhone 6 Plus is 7.1 mm. Both models of the iPhone 6 come with next generation A8 processors, which are 50% more energy efficient, has 25% faster CPU performance and is 13% smaller in size, compared to the A7 processor.

The new iPhone models use Apple Inc. (NASDAQ:AAPL)’s Metal platform for games and come with the new M8 motion coprocessor, which can estimate distances. While the iPhone 6 delivers 50 hours of audio, 11 hours of video, 10 hours LTE browsing and 11 hours Wi-Fi browsing, the same figureS for iPhone 6 Plus are 80 hours, 14 hours, 12 hours and 12 hours, respectively.

The wireless spec of both iPhone 6 is 150Mbps LTE, According to Apple Inc. (NASDAQ:AAPL), the new phones can support 20 LTE bands, which is more than what any other smartphone in the world supports. Apple Inc. (NASDAQ:AAPL) would be working with 200 carriers across the world to provide iPhone 6 to consumers. Both iPhone 6 models come with an 8 MP iSight camera and the Panorma mode can capture at up to 43 MP now.  Both models come in three colors – grey, silver and space grey. The pricing of iPhone 6 with a 2-year contract in U.S. will be $199, $299 and $399 for the 16GB, 64GB and 128GB model, respectively. The pricing of iPhone 6 Plus with a 2-year contract in the U.S. will be $299, $399 and $499 for the 16GB, 64GB and 128GB model, respectively. The pre-order will start on September 12 in U.S. and 8 more countries while the phone would start selling at retail stores on September 19.

As of June 30, 2014, Carl Icahn’s Icahn Capital LP owns over 52 million shares in Apple Inc. (NASDAQ:AAPL).

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Ritesh Anan is a full-time derivatives trader. Though he firmly believes in the power of Technical Analysis, he is also a lifelong student of macroeconomics. In his free time, he reads anything and everything that comes from Robert J. Shiller, George Soros and Nassim Nicholas Taleb.