As it happened, there was no iPhone 5 after all, but the company did announce the iPhone 4S.
However, the iPhone 5 is still on the cards - we're expecting it to debut in mid 2012. You can check out the latest rumours about iPhone 5 below.
First though, why not read our complete iPhone 4S review?
Also check out our iPhone 4S video review:
Here are the new iPhone 5 rumours we've gathered together since the iPhone 4S launch

iPhone 5 release date

UPDATE: For the latest on new iPhone 5's release date, check out our regularly updated article iPhone 5 release date.
Given the pattern Apple's iPhone launches, we're expecting the next-gen iPhone 5 to debut in mid to late 2012. We reckon it's most likely to be shown off at Apple's Worldwide Developer Event (WWDC) which usually takes place in early June.
Rumours that we reported on on 18 October claim an iPhone 5 release date of Summer 2012. Analyst Ashok Kumar claimed that the absent iPhone 5 was meant to be the big announcement at the recent event where the iPhone 4S was launched.

iPhone 5 form factor

Unlike the iPhone 4S, it'll be a completely new design from what has gone before, so that means an entirely new casing as we saw with the iPhone 3G and, later, the iPhone 4.

iPhone 5 specs

Based on the roadmap of mobile chip design specialist ARM (of which Apple is a licensee), we'll see a quad-core processor debut in the iPhone 5 - probably called the Apple A6. We know that we'll see other quad core handsets debut in 2012, so it's not too much of a stretch to say that the iPhone 5 will be the same.

iPhone 5 will have 4G/LTE support

With many 4G handsets already announced in the US, it can't be long before the iPhone supports 4G technologies - even if we won't even have a UK spectrum auction until 2012.
Cnet.com quotes Will Strauss from analyst firm Forward Concepts, who says that the next iPhone will feature LTE technologies."They're saving iPhone 5 for the LTEversion and that won't be out until next spring," said Strauss.

Steve Jobs' iPhone 5 legacy

Many sites have reported that Steve Jobs was working hard on the iPhone 5 project, which will apparently be a "radicalredesign". We shall see...