XPERIA Z. Sony's Phil Molyneux shows off their new flagship phone. Screen shot from Sony livestream

MANILA, Philippines - At Sony's press conference for the 2013 Consumer Electronics Show (CES 2013) on Tuesday, January 8, Sony CEO Kazuo Hirai and Sony Electronics President Phil Molyneux revealed their new flagship phone: the Xperia Z.

Sporting a 1.5GHz Snapdragon S4 Pro quad-core processor and 2GB of RAM, the Xperia Z has a 5-inch HD 1080p display, a 13.1 Megapixel rear camera and a 2.2 Megapixel front-facing camera. It runs on Android 4.1 and uses Sony One-touch technology (otherwise known as near-field communication technology) to instantly connect to other Sony devices by being in close proximity to them.

TechCrunch has additional information on the specifications of the Xperia Z, and we'll update this report once more official information is released to the public after the press conference. - Rappler.com