Apple CEO Steve Jobs announces the new iPhone 4 as he delivers the opening keynote address at the 2010 Apple World Wide Developers conference June 7, 2010 in San Francisco. (Photo by Justin Sullivan/Getty Images)
| Associated Press | The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design. CEO The iPhone 4 is about three-eighths of an inch thick; the previous |
See also • Apple’s 3rd founder walked away for $800 |
It can shoot high-definition video,
catching up to some other smart phones.
The display on the new iPhone remains 3.5 inches diagonally, but Jobs said it can show four times as many pixels – the individual colored dots that make up an image — as the previous screen.
The new phone will run the latest version of Apple’s mobile software, now called iOS4, which Apple unveiled in April to offer such new features as the ability to operate more than one program at a time. Older iPhones will be able to get iOS4 as a download June 21.
New applications for the device will include the popular game Farmville and one from Netflix that lets people watch streaming video where they left off on a PC.
In mid-afternoon trading, Apple shares were down $3.61, to $252.16.
Earlier report
Associated Press | Apple Inc. Chief Executive Steve Jobs unveiled
the company’s fourth-generation iPhone the Apple Worldwide Developers
Conference in San Francisco Monday — trumpeting it’s thinner, stainless
steel body, front-facing camera and sharper display.
Jobs didn’t
initially disclose the price or release date for the iPhone 4, which is
less than 10 millimeters thick. The previous iPhone, released last
year, was about 12 millimeters, or nearly half an inch. It has a
higher-resolution screen and a front-facing camera, which could be used
for videoconferencing, in addition to one on the back.
Jobs said
iPhone users will be able to watch Netflix on their phones called the
new phone “the biggest leap since the original iPhone.”
The
iPhone has
become the primary driver of Apple’s spectacular profit growth since
its launch in June 2007.
The new device is expected to feature a boxier exterior, better battery life and a much-anticipated front-facing camera for video conferencing.
As for the iPad, Jobs said more than 5 million books have been downloaded in the device’s first 65 days. “We’ve seen tremendous interest from publishers,” Jobs said.
The CEO also said the company’s App Store, which sells downloadable programs that run on the machine, now features 225,000 apps. He added that 15,000 apps are submitted each week and that 95% of them are approved in seven days, responding to criticism that the app approval process can be cumbersome.
In mid-day trading, Apple shares had slipped $1.06 to $254.91.
Earlier report:
Reuters | Apple Inc. is widely expected to introduce its latest iPhone Monday, as
the company hopes to expand its lead in the increasingly competitive smartphone market.
Shares of Apple fell as much as 1.5 percent in line with the broader market decline. Chief Executive Steve Jobs is slated to take the stage later Monday at Apple’s annual developers’ conference in San Francisco, where he is expected to offer the first glimpse of a fourth-generation handset.
But it will be a challenge to wow Wall Street. Apple’s stock has already gained more than 20 percent this year, and the company overtook Microsoft Corp to become the world’s most valuable technology company.
Few are expecting major technological advancements from the current model, known as the 3GS. The new iPhone is expected to be faster, sport a front-facing camera for videoconferencing, boast longer battery life and a better screen.
Although no major innovation is expected, the iPhone remains the gold standard in the smartphone market, and Apple’s product launches are the most closely watched events on the technology calendar.
The iPhone has been a huge success since it debuted in 2007, boosting Apple’s margins, transforming the company into one of the world’s leading mobile device makers and setting the competitive landscape in a smartphone battle that will play out for years.
Although the iPhone is gaining share globally, it faces a slew of new competitors, including Motorola Inc and HTC , designing high-powered handsets based on Google Inc’s Android software.
Only last year, Research in Motion Ltd was seen as Apple’s top rival. While the company’s BlackBerry remains the smartphone of choice for many corporations that need fast email, Apple has made strides in that market as security concerns addressed by the BlackBerry eased.
Research in Motion’s shares were down 3.7 percent, or $2.18, at $57.50 in midday trading on Nasdaq.
The iPhone’s prime target — for now — remains the consumer.
Investors are monitoring the smartphone wars closely, particularly in international markets where the iPhone’s penetration is relatively small.
In the United States, Wall Street and consumers alike are eagerly anticipating an iPhone on the network of Verizon Wireless, the No. 1 phone company.
But that announcement is not expected Monday. Most analysts expect a Verizon iPhone some time next year, or perhaps as early as this fall.
Wall Street will also be following the iPhone’s pricing closely. The iPhone 3GS currently starts at $199 with a subsidy from exclusive carrier AT&T. Many analysts expect Apple to cut that price to $99 and tag the new iPhone at $199.
The second-generation iPhone, known as the 3G, is expected to be discontinued. On Friday, it was not available for sale on Apple’s website.
Apple shares were down 0.8 percent, or $2.00, to $253.97, in midday trading on Nasdaq.
Gold standard??
This newest iPhone is still light years behind Sprint’s new phone – the EVO, and the new iPhone will soon be lapped by a slew of other new Android-based smartphones.
Apple does one thing consistently better than their competition: marketing. They continue to fool uneducated consumers into believing they’re bringing new technologies to market when the iPhone has typically been the last smartphone to adopt it (picture messaging, 3G high speed data, copy/paste, video capture capabilities, etc.)
Yes, the gold standard…like it or not.
Security on the phones and the internet is paint by number. Not impressed by the toys for boys, where is prevention of hackers?
Everyone knows apple is not the first to bring these technologies to the market but they take these existing technologies and make them better.
Oooo… a new telephone. How will I ever contain my excitement? I mean, phones have only been around for, what, 140 years?
Maybe Sears will introduce a new washing machine today, too, and we can all hyperventilate over that as well.
With AT&T’s new data prices I predict a mass excites of current iPhone users. Hello Sprint HTC EVO.
Kevin has it right…Apple does a superb job of marketing and presentation. The iPhone is a good smartphone platform, but it isn’t perfect. I’m an Android app developer starting to delve into iPhone app development (I bought an iPod Touch recently) and find the platform to be less flexible than Google’s baby.
iPhone sales will pick up, but it will mainly be when Verizon starts carrying it. AT&T’s customer service is one of the reasons the iPhone platform isn’t doing better.
And has anyone looked at the Android phones that are out now? The Droid? The Droid Incredible? The Nexus One? These are amazing phones with more features – and openness! – than the iPhone. You don’t have to jailbreak an Android phone if you want to install software from outside the Android Market (equivalent of the iPhone App Store).
The iPhone platform will continue to be the platform of choice for users seeking only simplicity. Those wanting sophistication do and will migrate to Android – especially when Flash support for Android arrives (in web browsing).
I happen to love my iPhone (though I can’t say the same about the AT&T service – more bars equals better coverage, my hindquarters), and I respect the technology that the Drone and Android have… but with the recent announcement from AT&T that they’re discontinuing the unlimited data plan, doesn’t that kind of make watching Netflix on the iPhone a moot point?
The video calling feature allows people using the new iPhone to communicate via sign language. That’s gotta be a first.
Sears is coing out with a new washer?
I would say it is the gold standard, because overall, no other smart phone has the complete integration, ease of use and market niche is so many areas. I have used Blackberry and other smart phones, but the iPhone can do so much more and has so much more available (although I think Android will be catching up to some degree). We are seeing iPads and iPhone tied to specific medical applications that are amazing and the competition is light years behind. In the last year, our company upgraded from mediocre Windows to Mac OS X, and this also makes the iPad and iPhone connections seamless and very user friendly. I can see why Apple passed up Microsoft as the number one technology company. They just make darn good products that work.
Apart from the high res display, nothing special in the new release. Apple is losing it.
Am glad that I made the EVO upgrade .
I think those people who lived in areas other than SF, NYC does not have the same bad experience with AT&T. As a matter of fact, a neighbor of mine just ditched her Verizon phone because of poor reception for an iPhone which operates fine where we are. Having said this, the new limited data contract with AT&T is a welcome change because I do not access the 3G service a lot (less than 200MB a month) because I prefer to access my data through wi-fi which is ubiquitous and is always a faster network than 3G. It uses less juice than 3G and the new iPhone comes with 811.n which is a going to be even faster than the last model. I am definitely upgrading to it.
Apple is ‘generously’ upgrading phones for customers with a 2010 contract expiration.
Here’s what I think: AT&T will renew a ton of contracts for people who just can’t wait for the new iPhone, and they’ll be stuck for 2 more years or can cancel with a hefty penalty and Verizon will get the iPhone in 2011. Its a smart move by AT&T, but I’ll be waiting on the sidelines until I know for sure on whether or not Verizon will get it. I’m not keeping AT&T any longer than I have to and definitely not another 2 years. The only rush I have is to get rid of them as my carrier.
Wow! Thinner, from “nearly half an inch” thick to a svelte 3/8 of an inch. Since 4/8 of an inch IS half an inch, isn’t the new iPhone 4 almost half an inch thick at 3/8 inch?
Steve Jobs is a billionaire. Why is he always wearing the same outfit?
Can someone please post more information about the new Sears Washer. Pics would be great too!
I think that Steve Jobs is thinner than his new phone! Hey, Steve, Kate Moss called. She wants her jeans back.
This new rollout was completely lame. A processor thats only a bit faster and and bit of a cosmetic makeover? I’ll stick with my iphone 3gs. Waiting till my contract expires so I can jump of the ATT ship and switch to a much better network via Verizon or Sprint.
Apple, you need to get off ATT’s network.
gigo | June 7, 2010 10:26 AM | Reply
With AT&T’s new data prices I predict a mass excites of current iPhone users. Hello Sprint HTC EVO.
———————————————–
Gigo,
The recent AT&T change is for new iPhone users. The current user are grandfathered into their current plans. So don’t expect a mass exodus of users.
So, finally iPhone can multitask. What an achievement! It took only 4 releases! Even Windows Mobile (which is pretty bad in itself) could multitask a while ago.
People, this is time to switch away from this double monster (AT&T+Apple) monopoly to Android! It multitasks, has great apps, nobody will disable your phone for downloading an app from “unapporved” source and many carriers serve android phones!
It’s too bad that HTC is so kicking the butt of Apple at the moment with the Evo (US) and Desire (EU/UK). I’m loving the Desire, and wish that 4G would roll out here soon.
And… “pros and cons”, Steve Jobs is so thin because he is ill. The man had a liver transplant last year. Saying, “Dude, you’re like Kate Moss!” to a chronically ill person is like saying, “Dude, you’re so bald!” to someone who just underwent chemo… totally clueless.
A better announcement would be if the Iphone will be able to use Flash.
Hummmm. One of Google’s top executives was on Apple’s board of directors a while back and then decided to step down. Next thing you know, Android shows up – coincidence? Android is an OS, not a phone. HTC, Motorola, etc., manufacture the device. Yes, Android is a decent open OS, but you dipshyts wouldn’t be enjoying it if Apple did not reinvent the smart phone category. Don’t be fooled by sales figures either, HTC and Motorola phones are being offered as BOGO free. So are they units sold or units given away, what do you think?
What this does create is some outstanding competition between Google and Apple – which is great for those of us who own iPhones and for those of you who own an Android phone. Both will continue to add and improve their offerings and force the carriers to provide us the best service.
Forgot to mention – even though I love Adobe, Flash will die albeit slowly. HTML5 is the wave of the future for internet motion. This is not only coming from Apple but also Microsoft.
“The future of the web is HTML5. Microsoft is deeply engaged in the HTML5 process with the W3C. HTML5 will be very important in advancing rich, interactive web applications and site design. The HTML5 specification describes video support without specifying a particular video format. We think H.264 is an excellent format. In its HTML5 support, IE9 will support playback of H.264 video only.” – Microsoft general manager for Internet Explorer Dean Hachamovitch
Why invest in a closed, licensed application like Flash?
Actually, the front facing camera with video capabilities is a significant advancement (finally) for Apple for the iphone. Videoconferencing (ala Skype) is a huge deal for teens, families and sometimes businesses that will make this phone hard to beat (again).
Now, if they could just get these same features in the iPad I might consider buying it.
The processor is the same one that is found in the iPad. it is fast and energy efficient. I have yet to run down my iPad after a heavy day of use and I think this is just what the new iPhone needs.