Moments after revealing its iPhone 12 devices at today's virtual event, Apple showed off the next-generation of its flagship mobile devices, the iPhone 12 Pro and iPhone 12 Pro Max.

The two new models are constructed of surgical-grade steel and use advanced physical vapor deposition (PVD) technology that results in a ’spectacular luster.’ Despite having effectively the same physical dimensions of their predecessors, the iPhone 12 Pro and 12 Pro Max feature larger screens, 6.1” and 6.7”, respectively, as Apple has managed to further shrink the bezel.

The new iPhone 12 Pro models are based on Apple’s A14 Bionic chip, which was first seen its the company’s iPad Air refresh last month. The 5nm process chipset features a 6-core CPU and a 4-core GPU that Apple claims is up to 50% faster than any other phone on the market.

As with the iPhone 12, both the Pro and Pro Max receive sub—6GHz and mmWave 5G connectivity, ensuring the devices should work with the array of various 5G networks major carriers around the world are supporting. Apple has also included its new ‘Ceramic Shield’ technology to its flagship devices, which should help reduce the likeliness of cracked screens.

As has been the case for most of Apple's 'Pro' devices, the company put a huge emphasis on the camera capabilities of its latest flagship devices. The iPhone 12 Pro features a three 12MP camera modules: a 13mm-equivalent F2.4 ultrawide camera with a five-element lens; a 26mm-equivalent F1.6 wide (standard) camera with optical image stabilization and a seven-element lens; and a 52mm-equivalent F2.0 telephoto camera with optical image stabilization and a six-element lens.

Apple further pushed the photography boundaries with the iPhone 12 Pro Max, putting in a 47% larger sensor behind the wide camera that offers an 87% improvement in low-light photos thanks to its larger 1.7um pixels. Apple also swapped out the telephoto on the 12 Pro for a 2.5x (65mm equivalent) telephoto lens. Below is a gallery of illustrations from Apple showing the different camera modules inside each device:

Apple has also added the ability to not just capture HDR video, but also record, edit and display it in the 10-bit Dolby Vision HDR format directly within the Photos app. It's the only device in existence to do so, and the resultant video quality garnered the stamp of approval from renowned cinematographer Emmanuel 'Chivo' Lubezki.

The iPhone 12 Pro will be available to pre-order on October 16, starting at $999. iPhone 12 Pro Max pre-orders will open on November 6 and pricing starts at $1,099. Both models are available in blue, gold, graphite and silver.

Apple ProRAW

In addition to the new hardware, Apple also revealed it will bring Apple ProRAW to its latest iPhone devices later this year. Apple says the new format will combine the benefits of its Deep Fusion and Smart HDR technology with the flexibility of a Raw file format when editing. The format will be able to be captured with all the onboard cameras. We expect it to be similar to the Raw mode offered by the Pixel 3 which still took advantage of all the capabilities of burst-mode photography to improve image quality, but with the additional flexibility of Raw editing which allows for photographers to make more creative choices around white balance, exposure and tone-mapping, amongst other image attributes. Importantly, though, we expect Apple user experience of editing these 'Raw' files to be ultimately superior to the mixed results in working with the Pixel's DNG Raw files (which required a lot of manual editing to obtain pleasing results).

To ensure third-party apps will also be able to make the most of the new format, Apple will be launching an API for both desktop and mobile apps for third-party developers to use. There's no mention on when exactly we'll see this update get pushed to devices.

This story is developing. Refresh the page for the latest information.