Steve calls it the iPhone 4 — Apple finally announces its 4G smartphone called the iPhone 4.

And though we’ve already had first glimpse of this phone back when Gizmodo featured that lost prototype they bought for $5,000, it still draws a lot of amazement from the crowd.

iphone 4

Apple added features that are practically common to most other smartphones like the front-facing camera and LED flash but these are not the highlights yet.

The iPhone 4 is thinner (claims to be the thinnest smartphone ever, 24% thinner than the 3GS) at just 9.3mm (the Nokia E71 is 10mm thin). Next, they made the resolution higher at 326 pixels per inch (that’s 4 times than the previous model).

The iPhone 4 specs:
Apple A4 chip
3.5″ display @ 960×640 pixels
HSDPA 7.2Mbps
WiFi 802.11n
GPS
Gyroscope
5MP camera with LED flash + HD video recording @ 720p 30fps
2nd front-facing camera
2 mics w/ noise-canceling

The iPhone 4 has better battery life as well — 40 hours of music, 10 hours of video, 6 hours of 3G browsing and 10 hours on WiFi browsing.

Apple is also putting iPhone OS 4 in it but renames it as iOS 4.

The iPhone 4 comes in two colors — white and black and two models, 16GB and 32GB. As for the price:

iPhone 4 16GB: $199 + 24-month contract
iPhone 4 32GB: $299 + 24-month contract

As for availability:
June 24 – US, Japan, France, Germany and UK
July 2010 – 18 more countries
September 2010 – 88 countries