Now that Apple’s executive team has gone down the list of all of the iPhone 5’s new features, it’s time to get down to the important stuff. In wrapping up the iPhone presentation, Phil schiller announces pricing and availability.

For starters, the handset will come in the two usual flavors: white and black. And it will also come in the same three storage configurations: 16GB, 32GB and 64GB at the same $199, $299, and $399 respectively…

When can you get it? As expected, preorders for the handset start on September 14th, and they start shipping September 21st.

Initially, it will be available in the United States, Canada, United Kingdom, France, Germany, Australia, Japan, Hong Kong and Singapore, and will launch in more countries on the 28th. In 100 countries by December.

iPhone 5 comes in either white & silver or black & slate, and will be available in the US for a suggested retail price of $199 (US) for the 16GB model and $299 (US) for the 32GB model and $399 (US) for the 64GB model. iPhone 5 will be available from the Apple Online Store (www.apple.com), Apple’s retail stores, and through AT&T, Sprint, Verizon Wireless and select Apple Authorized Resellers. iPhone 5 will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK on Friday, September 21, and customers can pre-order their iPhone 5 beginning Friday, September 14. iPhone 4S will also be available for just $99 (US) and iPhone 4 will be available for free with a two-year contract.****** iOS 6 software will be available on Wednesday, September 19 as a free software update.

iPhone 5 will roll out worldwide to 22 more countries on September 28, including Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, Hungary, Ireland, Italy, Liechtenstein, Lithuania, Luxembourg, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.