Apple announced its latest lineup of iPhones — iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max and iPhone 12 mini

 At a virtual event last week, Apple announced its latest lineup of iPhones — the iPhone 12, the iPhone 12 Pro, the iPhone 12 Pro Max and a smaller, iPhone 12 mini. All the phones are 5G-equipped, making them the first Apple devices that can connect to the next-generation, high-speed wireless networks.

iPhones have finally stopped (or at least paused) getting bigger and bigger. This year's phones are slightly thinner, smaller and lighter than their predecessors. The new flat-sided designs are a throwback to the beloved iPhone 5 design from over seven years ago.

The camera is among the most important features to smartphone buyers. Apple (AAPL) promises that its expanded Night mode capabilities will boost low-light selfies or photos taken in the evening, showing better contrast and more details, without needing a flash. The iPhone 12 and iPhone 12 mini feature a dual-camera system on the back, with wide and ultra wide lenses, while the iPhone 12 Pro and iPhone 12 Max add a telephoto zoom lens. The new devices also use software for better "computational photography," enhancing images by allowing more light and sharper focus.

5G capability is a major selling point of the new lineup, but it's unclear when consumers will truly get to tap into the benefits of the ultra-fast network. A full rollout of 5G networks across the United States is expected to take another five to seven years, according to some analysts. In the near term, a customer's iPhone 5G experience will vary depending on their wireless carrier and where they live.

The standard iPhone 12 starts at $799, while the iPhone 12 Pro starts at $999.