Apple has some competition when it unveils its new iPhone 5 reportedly on Sept. 12, just a few days away.

Windows 8 phones are becoming the talk of the Internet, and consumers want to know more and more information.

Nokia will introduce the new Windows 8 smartphones, Lumia 920 and Lumia 820, on Wednesday, Sept. 5 at a special event in New York City with Microsoft, according to multiple sources.

Nokia has always been trying to keep up with Apple, and with Windows 8, critics are calling it a "last chance stand" because Nokia needs its new smartphones to be a hit.

What makes these two tablets competitive in the first place, and what will make them stand out?

iPhone 5

Reports say that the new iPhone 5 will have a bigger display, be thinner and lighter than the iPhone 4S, and will be able to run on 4G LTE technology. It was also said that it will feature a 19-pin mini connector and it will be equipped with a new technology called in-cell, which integrates touch sensors into the LCD, making it unnecessary to have a separate touch-screen layer. This creates a thinner screen and improves the quality of displayed images. It will also feature tiny SIM cards called nano-SIMS. 
As for the price, many predict that it will be around the iPhone 4S.

According to WPTV, When the iPhone 4S was released last October, it cost $199 for the 16GB model, $299 for the 32GB model and $399 for the 64GB model. Many analysts are expecting the iPhone 5 will have a similar price in order to compete with products like the Galaxy S III.

A new video of presumed iPhone 5 parts has been leaked over the Internet.

According to iDesignTimes, SmartPhone Medic, a smartphone repair company in South Carolina, reveals the iPhone 5 front plate as well as a number of small items including the "flex cable," the sleep-wake button and the volume controls.

"We just got some new iPhone 5 parts in," the video begins, before the faceless narrator reveals the larger display on what is allegedly an iPhone 5 front plate. It's clear in the video that the screen-parts shown are significantly larger than those on the iPhone 4S (about 30 percent bigger according to CNET). SmartPhone Medic also confirms rumors that the camera and proximity sensor have been repositioned on the iPhone 5.

The narrator also stacks the leaked iPhone 5 front plate on top of a Samsung Galaxy S3, demonstrating that the Galaxy S3's 4.8-inch touch-screen is still significantly taller and wider. The video also confirms rumors of a redesigned, smaller 8-pin dock connector (down from 30 pins).

In the text accompanying the YouTube video, SmartPhone medic addresses the redesigned dock connector, writing, "It does look like Apple has moved away from their traditional 30-pin dock connector to a new, and much smaller, 8-pin dock connector. It is still unknown if they will provide some type of adapter for those out there with 30-pin dock connector accessories."

According to GottaBeMobile, Apple's new iOS 6 software will also be released around the time of the iPhone 5, most likely between Sept. 12 and Sept. 21.

Recently, Apple became the most valuable public company in history because its stock rose to a new high because of the iPhone 5 reports.

"Apple's market value -- the price of its stock multiplied by the number of outstanding shares -- soared to $623.5 billion at the market's close. That eclipsed the previous record of $618.9 billion set by Microsoft on Dec. 30, 1999, at the height of the dot-com bubble, according to Howard Silverblatt, S&P's senior index analyst," CNN Money reported.

Nokia Lumia 920 and 820

According to The Verge, the new phone will have wireless charging support via inductive method, lining the device up to the contacts on a charging pad. It will support the Qi wireless power standard - making it compatible with other wireless charging products. It will charge on a pad using a USB port to connect.

The Lumia 920 is rumored to have a PureView camera. According to The Verge, Nokia will band its Lumia 920 camera as PureView, but that the camera will be an 8-megapixel one, not the 41-megapixel one found on the company's 808 PureView handset.

"Nokia is focusing on marketing the Lumia 920 as PureView thanks to some advancements in image stabilization and camera software that it plans to ship on the device. The front of the device will also include a 1.3-megapixel camera," The Verge wrote.

According to reports, the Lumia 920 will feature a 4.5-inch HD display, a 1.5GHz dual-core processor, 1GB of RAM, 32GB of internal storage and native support for wireless charging. The Lumia 920 is said to also be equipped with an NFC chip, a microSD slot and 4G LTE connectivity, The Verge confirmed.

The Lumia 820 looks to be Nokia's new mid-range WP8 device with a 4.3 inch display, 8GB storage and microSD card slot, 1.5 GHz dual-core processor, 1GB RAM, and camera similar to the Lumia 920, according to ZDNet. It may also have changeable rear covers, similar to the current Lumia 710 device.

Nokia's new phones will also have some cool designs. Recent leaked photos show gray, yellow, and red devices. The phones are expected to have rounded long edges, flattened profiles at the top and bottom, and a very shallow curve over the glass and the rear of the unit.

And while it is rumored that the iPhone 5 will not have an NFC chip, Nokia's phones will.

Announced alongside Windows Phone was Microsoft's Wallet hub, promising a single space for users to track credit and debit cards, loyalty programs, membership cards, airline boarding passes, and more. Windows Phone 8 also supports NFC, and this is another area where Nokia has a lot of experience - such as their NFC ticketing trial with the New York Metropolitan Transit Authority.

No one knows what these two anticipated phones will cost, but Nokia is expected to have a very competitive price.

Which phone would you buy?