iPhone 6, Apple Watch: What You Need To Know

By John Dodge

CHICAGO (CBS) -- For the first time in four years, Apple has unveiled a new product: Apple Watch.

The company also unveiled two new versions of its iPhone, called the iPhone 6 and iPhone 6 Plus.

Here is what you need to know about Apple Watch:

Starting price is $349 and will be available early next year

It comes in three styles: Watch, Watch Sport and Watch Edition.

The face of the watch is highly customizable and comes with a variety of looks.

Apple is touting the fitness applications on the watch, including tracking you movement, loading workout stats in real time and taking your pulse.

Pogue also tweeted that the watch does not appear to be waterproof. An Apple rep told CBS 2's Ed Curran that the watch is "water resistant"--which is decent water protection but not suitable for diving or perhaps even swimming.

You must have an iPhone 5 or iPhone 6 (any versions) to use Apple Watch.

The watch is controlled using the crown

Here is what you need to know about the new iPhone 6

It comes in two sizes, both larger than the iPhone 5s.

With a two year contract, the iPhone 5c will be free. The rest of the phones are priced as follows:

The new iPhone has a new iSight camera that significantly improves still images (with focus pixels) and HD videos taken with the device. The specs: 8 mega pizel iSight camera, 1.5µ pixels, ƒ/2.2 aperture.

The phones run the latest iOS Version 8 and A8 processor.

The iPhone 6 Plus (6.07) is about two ounces heavier than the iPhone 5s (3.95).

Customers can pre-order a phone starting on Sept. 12. It will be available in stores in Sept. 19.

Basically it's thinner, bigger (screen and storage), faster and better. The processor performance is 50 times faster than the original iPhone.