The wait is over. Apple revealed Tuesday not one but two new iPhones, the iPhone 5S and iPhone 5C, only a few days short of a year since the iPhone 5 hit the market. The iPhone 5S sports a handful of improvements over its successor and starts at $199 with contract. The iPhone 5C, on the other hand, is a smartphone on a diet, and the $99 price tag reflects it. Still up for debate is the question consumers and channel partners have been asking since the release of new Apple products have gradually moved further and further apart: Is Apple losing its innovation edge? Here is a glance at seven things to know about Apple's new iPhone news.