Image courtesy of The Verge

Apple’s Phil Schiller has just announced the iPhone 4S, which is both GSM and CDMA compatible, sports the new dual-core A5 chip, a redesigned 8-megapixel camera system, and the graphics are up to 7 times faster than the previous iPhone. Full details below.

As part of the new camera system, you can now record 1080p HD video with real-time video image stabilization, and real-time temporal noise reduction. The new iPhone also includes a redesigned camera system that includes a new sensor and 8-megapixels for 60% more pixels than in the iPhone 4 camera. There is also a hybrid IR filter for “better color accuracy” and “more color uniformity”, and a 5 element lens resulting in 30% more sharpness. Schiller also notes face detection and improved white balance.

Schiller also noted the new 4S camera will take only 1.1 seconds to snap the first photo, followed by a half a second to take the next. He then joked about the alternatives:

Addressing the iPhone 4 antenna issues, iPhone 4S includes a completely redesigned antenna system. Schiller explains:

The iPhone 4S can download data almost 2x as fast as the previous iPhone with a theoretical download speed of 14.4Mbps (HSDPA).

iPhone 4S includes 8 hours of talk time, 14 hours of 2G talktime, 6 hours of 3g browsing, and 9 hours of Wi-Fi browsing.