The wait is over for information on the new iPhone model, and Mendota Heights phone vendors are a-buzz with the news.

Apple unveiled the iPhone 5 Wednesday, flaunting its larger, 4-inch display, faster 4G network and lighter weight. 

J.P. Ralles, a manager at the Mendota Heights Verizon store, said that while he did not yet know how many units his store would be allocated, he was already planning on increasing the staff on hand for the iPhone 5's Sept. 21 launch.

"I think a lot of people have been waiting for a 4G iPhone so we expect sales to take a pretty steep leap here in the upcoming month," Ralles said.

He said the store will be able to order phones for customers should it run out of stock.

"We don’t necessarily anticipate lines out the door, but I think there’s going to be a little bit more demand for the iPhone 5 than there was for the iPhone 4S," Ralles said.

The cost will be the same as the iPhone 4S, at $199 for a 16GB model, $299 for 32GB and $399 for 64GB.

The iPhone 5 weighs 112 grams, or about 4 ounces, which is 20 percent lighter than the previous model, the iPhone 4S. The screen is also half-an-inch larger and 18 percent thinner.

Some of the features of the iPhone 5 include:

• A 720p HD video camera
• High-speed 4G LTE internet connectivity
• An A6 processor, twice as fast as its predecessor
• Improved battery life
• Updates to Siri, including the ability to tell users sports scores and post status updates to Facebook
• A smaller connector dock and cable charger

Sales of the iPhone 4S and other models have dropped off in recent months, according to the LA Times, which analyts say suggests a "huge pent-up demand" for the iPhone 5. 

View pictures of the iPhone 5 and its accessories on CNET.

Will you be ditching your old phone for an iPhone 5? Why? Let us know in the comments below.