iPhone 5S Price and Release Date: Everything You Need To Know About Apple's New iPhone

Apple is expected to introduce the successor to last year’s iPhone 5, the iPhone 5s starting at 1pm ET. Check back to this live blog for streaming video of the release.

Tech blog CNet has released these images of possible leaked packaging for the newest gadget. The new phone is expected to be similar in shape and size to Apple's previous model, with several functional updates and improvements. It will likely come in a new range of metallic colors.

The iPhone 5S is expected to look nearly identical to the iPhone 5. It will likely have a pill-shaped dual-LED flash, rather than a circular version from previous models. The iPhone 5S will feature the same 4-inch Retina display. Rumors point to a a new camera system for slow-motion video photography, and a fingerprint sensor presumably to let users authenticate ownership and user passwords by simply holding their thumbs on the iPhone’s signature home button.

Apple's newest phone is rumored to cost around $199 on-contract. It's potential "lite" sister product, the iPhone 5c, may cost an estimated $99 on-contract by comparison. 

Check back here for all the latest updates about the iPhone 5s as the products are unveiled from Cupertino's live event.