Apple has revealed its latest phone, the iPhone X, and it comes with hefty $1,000 price tag.

According to CNBC, the phone, which was introduced today along with the lower-end iPhone 8 and iPhone 8 Plus, is different from previous models as it has no physical home button and comes with a new security feature called Face ID, where infrared cameras and other sensors can detect a user's face.

See Apple CEO Tim Cook make the iPhone X announcement here thanks to Business Insider.

The iPhone X will be available for preorder on Oct. 27 and in stores on Nov. 3. The iPhone 8 and 8 Plus will be available for preorder on Sept. 15 and in stores on Sept. 22.