The rumored iPhone 4S is real, and its packing new and improved components.

Apple updated its popular iPhone 4 with a dual-core A5 processor, the same one found in the iPad 2, which it says will provide up to 7-time graphics processing speeds.

Additionally, the iPhone 4S features a new antenna system, which intelligently switches between two built-in transmitters to optimize call quality and data transfer speeds. Apple says the new version will be capable of 14.4 Mbps download speeds.

iPhone 4S will also be universal, available for both GSM and CDMA networks worldwide.

Apple has also updated the cameras with a new 8-megapixel sensor, which can achieve resolutions of 3264x2448, 60-percent more pixels than the previous version. Additionally, the CMOS sensor has been updated, allowing the camera to gather 73-percent more light than before.

For video, the new iPhone 4S can record full 1080p video, up from the original iPhone 4's 720p video support.

iPhone 4S will be priced at $199, $299 and $399 in 16GB, 32GB and 64GB variations. Pre-orders begin on October 7, and will be released on October 14.

The iPhone 4S will be available AT&T, Verizon, and for the first time on Sprint. It will also be available in 70 different countries.