Sometimes big specs come in small packages, and that's certainly the case here. We grabbed both the US and EU models so as not to miss anything:

A14 Bionic with fourth-generation Neural Engine

5.4 inch (2340 × 1080 pixels) Super Retina XDR OLED display with True Tone and HDR

Dual 12 MP camera system with ultra-wide angle (ƒ/2.4) and wide angle (ƒ/1.6) cameras

64, 128, or 256 GB of storage

5G (sub-6 GHz and mmWave) connectivity, plus 4x4 MIMO LTE, 802.11ax Wi-Fi 6, Bluetooth 5.0, and ultra-wide band (UWB)

MagSafe 12 W wireless charging

IP68 rating, water resistant to a depth of 6 meters for up to 30 minutes