The all new iPhone 4

On Monday, Apple unveiled the latest version of its popular iPhone which is a thinner and more powerful device than the earlier versions and is better suited for media consumption.

Indeed, Netflix, the most popular application for the iPad, said at Apple’s Worldwide Developers Conference that it will debut a free iPhone application this summer. Online game FarmVille, with 70 million users, will also be hitting the iPhone by the end of June.

Users will be able to record video in HD and make video calls on an application called FaceTime . And a higher resolution display will mean a much better picture -- so Chinese characters, for example, appear razor sharp(WoW).

Some other highlights:

• Price: It will retail at $199 for 16 gigabytes and $299 for 32 gigabytes of data. Available June 24.
• Search: iPhone 4 will also include Bing, Microsoft's search engine.
• Camera: flash and 5 megapixels versus 3 megapixels in old version
• Video: HD video recording and LED light