SAN FRANCISCO -- Apple's (AAPL) new iPhone 5 is a well-crafted device that's likely please the company's fans and sell in the tens of millions. But if you're looking for something truly innovative in a smartphone, look elsewhere.

Its new features are welcome updates to the iPhone line. But they are incremental improvements, and many were pioneered long ago on rival phones. And the new iPhone still lacks some features that have long been standard in others.

When it comes to new smartphone features, Apple seems to not only be playing a constant game of catch

up to rivals such as Samsung and Nokia, but also falling farther and farther behind.

Compared with its predecessor, the iPhone 5 has a bigger screen, a faster processor and a thinner and taller body. It also has a new radio that will connect to the superfast 4G LTE wireless networks and an aluminum -- not glass -- back that should be more durable.

Thanks to an update to iOS, the operating system that underlies the iPhone, the new device will offer users turn-by-turn driving directions and the ability to take panoramic photos from within its included camera application. It will also feature a new application called Passbook that will collect users' loyalty cards and event and travel tickets and let users post updates to