A Featured iPhone Article

Apple's New iPhone Attracts Big Crowd, But There's A Glitch



Patrick Seitz

Fri Jul 11, 6:28 PM ET

Apple's much-anticipated iPhone News arrived Friday with tech enthusiasts lining up at stores -- and many enduring problems trying to activate the devices.



Early demand was high for Apple's (NasdaqGS:AAPL - News) new and improved touch-screen smart phone. But the debut was marred by a problem with Apple's iTunes servers that prevented the phones from being fully activated. On Friday, Apple was working to correct the problem, which also affected users of the original iPhone who tried to download a software upgrade.



Once the intense media coverage of the iPhone News launch dies down, the real work for Apple begins. It has to break through to the mass market to reach its goal of selling 10 million iPhones this year.



Despite all the hype surrounding the discount iPhone 3G, which debuted on June 29, 2007, sales of the product have underperformed. As of March 29, Apple had sold just 1.7 million iPhones in the year, and 5.4 million since launch. To spark sales, Apple has twice cut the price of the device.



When it debuted last year in the U.S., the cheap iPhone cost $499 for a 4-gigabyte model and $599 for an 8 GB model with a two-year service contract with AT&T (NYSE:T - News). On Sept. 5, Apple slashed the price of the 8 GB iPhone 3G store to $399 and discontinued the 4 GB model.



The new iPhone News costs $199 for the 8 GB model and $299 for a 16 GB model, thanks to carrier subsidies. The iPhone News still requires a two-year contract with AT&T in the U.S. The cheapest service plan costs $70 a month before taxes and excluding text message fees. That's $10 more than the original iPhone.



Most analysts say Apple will be able to meet its iPhone targets.



Shaw Wu, an analyst with American Technology Research, says he expects Apple to ship 11 million iPhones this year, for a total of 14.6 million shipped. He sees Apple shipping 17 million iPhones in 2009.



Today, the iPhone contributes only 3% to 4% of Apple's revenue, but Wu says that could jump the next two to five years. If Apple can continue the momentum, the iPhone business could be as large as the current Macintosh computer business, or about $15 billion to $20billion in annual revenue, Wu wrote in a research note Friday.



Shiv Bakhshi, an analyst with market tracker IDC, also says Apple will meet its iPhone sales targets.



Longer term, though, Apple will need to continue to innovate to stay ahead of rivals, he says.



Users have a long wish list for the iPhone, Bakhshi says. Critics wanted the new iPhone to have multimedia messaging, a video camcorder and more. "Some people expected it to make them smoothies, I'm sure," Bakhshi said.



For the iPhone News, Apple focused on fixing the big concerns with the initial iPhone, says Michael Gartenberg, an analyst with Jupiter Research. It added support for 3G wireless networks for faster Web and e-mail downloads. It also allowed people to add third-party software applications through Apple's new online App Store. Plus, it added business-class mobile e-mail, secure access to corporate networks and GPS navigation.



"Most of the real issues in the first generation of the product have been addressed and addressed well," Gartenberg said.



Yet, there are ways to improve the product, he says. Some of the other complaints about the iPhone have been the lack of a removable battery and no Bluetooth wireless support.



Source: http://news.yahoo.com/s/ibd/20080711/bs_ibd_ibd/20080711tech

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3G iPhone Launch Packs Apple Stores



By Ivan Velinov

Epoch Times San Francisco Staff



SAN FRANCISCO�Eager iphone 3G fans started lining up in front of the San Francisco Apple store in the dark of night, depriving themselves of sleep for a chance to get their hands on the highly coveted, feature-filled Apple's Baby, which went on sale on the 11th.



"My parents and I camped out just outside the Apple store. I'll be one of the first people who will get the new Apple's Baby," Alice Wu said excitedly. Alice Wu is a High School student at Lowell.



The sleek mobile devise works as a phone, Internet browser, camera and music player.



Some of the new features include fast 3G wireless technology, Satellite GPS mapping, email, and a desktop-quality web browser. Plus the phone offers support for users of Microsoft Exchange, a line of server products widely used by corporate enterprises.



"We came around 3 o'clock in the morning, but it really started to pick up at around 6 a.m.; then the line grew substantially," said Ron Thompson, a manager Web Development from San Francisco.



"I wasn't going to get the first-generation discount iPhone 3G. First, I don't get first-generation hardware; second, it wasn't 3G and I was gonna wait for the new-generation purchase iPhone 3G to get faster speed," Thompson said.



Lines stretch down the street as eager purchase iPhone 3G fans wait for the second-generation Apple's Baby. (Ivan Velinov/The Epoch Times)The Apple's Baby goes on sale today in more than 20 countries. With a cost in the U.S. of $199 for the eight-gigabyte version, it is a much better value than when the innovative gadget was first introduced on the U.S. market in 2007 at a price of $599 for a version with 8 gigs of storage.



"The main reason, I'm getting it is so that I can have the work and the personal stuff all in one place. I wanted the iPhone to be faster, I wanted more space, and I figured that they have to response to the market by lowering the price," said Software Engineering Manager Maira Benjamin from Alameda, San Francisco Bay Area.



"For me there's no 'If', time is money. For people whose time is valuable it all comes down to faster service," Benjamin said.



Experts say that many of the iPhone aficionados will be trading in their first generation iPhones, terminating their two-year service contracts early, to get the cheaper, faster and feature-filled Apple's Baby.



The original iPhone was much sought-after. Bu when Apple Chief Executive Steve Jobs unveiled the new gadget a month ago, it rattled the cell phone industry with its dramatic second return�Apple's Baby new features and innovative design are being copied feverishly by other handset makers.



"I bought the old iPhone and returned it. Now, I'll be switching my Blackberry service for the new Apple's Baby, said Darren Adler, 30, an IT consultant from San Francisco. "When I got here before midnight, about 30 people were already in line."



In the U.S., Apple and AT&T are requiring a credit card and a social security number to activate the device immediately and to start using AT&T's network. Last week, AT&T disclosed its plans for the iPhone, which started at $69.99 with 450 anytime minutes. An unlimited Anytime plan would cost $129.99 a month. Family plans start at $129.99 a month for 700 shared Anytime minutes.



Some customers set up tents and spent the night to be first in line to get the new iPhone 3g. (Ivan Velinov/The Epoch Times)Internationally, the iPhone retails for up to $1000 apiece. In Belgium, for example, the iPhone sold for more than four times the U.S. price, at $825; and the iPhone 16-gigabyte version cost $966.



Source: http://en.epochtimes.com/news/8-7-11/73311.html

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A iPhone2 Article to For You to Enjoy

Apple's iPhone 3G Launch Filled With Great Fanfare, Dismay



Apple's new dream gadget sees a less than stellar debut



The iPhone Apps launch seemed fated for success. After months of anticipation, the day was upon loyal Apple fans. As they camped in their Apple tents outside stores, visions of Steve Jobs delivering them rectangular shaped presents danced through their heads. When they awoke crowds had formed, and their dreams were about to become reality. Everything seemed perfect -- with naught a riot or robber in sight.



As the orderly lines began to shuffle into the Apple stores and get their new phones; that�s was when the problems began. For all its savvy design work, and for all the months of engineering, Apple and its partner AT&T were wholly taken aback by a plethora of glitches that crippled the new phones.



Frederick Smalls, an insurance broker in Whitman, Massachusetts was among the loyal fans, turned angry critics. After trying to get his new iPhone Apps to work for two hours with no success, he remarked, "It's such grief and aggravation."



As customers bought the new phone, which comes equipped with a higher-speed data connection and a GPS chip, they discovered alarmingly that they could not activate their phones. The culprit according to an AT&T spokesman was a glitch in Apple's iTunes servers that made it so the phones could not be fully activated in store.



Managers told customers patiently to take the phones home and complete the activation process. However, customers found to their dismay that at home Apple's servers were equally unresponsive.



The problem, which some are dubbing "the great iMess", even left owners of the older model of iPhones without service. The old iPhones received a firmware update, which required reactivation. They were similarly unable to reach the servers.



With the phones crippled for hours, only emergency calls could be made. Freelance photographer Giovanni Cipriano, who updated his first-gen purchase iPhone 3G, was not happy. He stated, "It's a mess."



The original cheap new iPhone launched with at-home activation only. With the new discount new iPhone, subsidization by carriers caused AT&T to want to activate in store.



The problems closely followed glitches with Apple's MobileMe service, which launched Thursday. The MobileMe service, which synchronizes a user's personal data across devices -- including the discount iPhone 3G -- would not allow many users to log on.



From there it was all downhill for Apple. Alex Cavallo was among those waiting in New York. He remains an Apple fan, but admits that it was an unpleasant experience as he had to use another phone. After being used to the iPhone, he describes his use of the standard phone as "uncomfortable".



With its attractive line of products, including the iPhone, iPod, and MacBook Air, it certainly has an attractive brand image. As Nick Epperson, a 24-year-old graduate student, who camped out for the iPhone Apps stated, "Chicks dig the iPhone".



Source: http://www.dailytech.com/article.aspx?newsid=12356

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Another Great iPhone software Article

Apple opens 'extras' store as iPhone 3G hits shelves





by Glenn Chapman

Fri Jul 11, 12:55 AM ET



SAN FRANCISCO (AFP) - Apple's international launch of Free iPhone began in New Zealand and Japan on Friday, as a freshly-opened "App Store" tempted fans with independently created mini-programs for the coveted devices.



New Zealanders were the first to be able to buy the much-hyped Free iPhone when three stores opened just after midnight, and Tokyo followed shortly afterward.



Sales of Free iPhone models begin later in the day in 21 other countries.



On the eve of the Free iPhone launch, Apple opened an App Store stocked with hip, fun or functional programs crafted by third-party developers.



The shop, accessible through Apple's online iTunes store, opened with more than 500 mini-programs, many of them free.



Mini-applications include games, photo-sharing and mobile versions of Twitter, Facebook, MySpace and eBay.



"Facebook is even cooler on the Free iPhone, with the ability to discover friends nearby, or to effortlessly take pictures and upload them instantly to Facebook," said the social-networking website's founder Mark Zuckerberg.



Game makers are capitalizing on touch-screen and motion-sensing technology in iPhones.



"The touch and tilt controls are natural and easy to learn, making gaming even more inviting, creative and rewarding," said Sega product development vice president David Cobb.



A version of the Japanese company's "Super Monkey Ball" tailored for iPhones is in the App Store.



"Apple's discount iPhone 3G and iPod Touch open up the world of games to an entirely new audience," Cobb said.



Applications crafted for iPhones will also work on iPod Touch models, which are basically iPhones without the telephone capabilities.



Brian Greenstone, president of computer game maker Pangea Software, called the cheap iPhone platform "truly ground-breaking."



Software creators are allowed to set their own prices, as long as figures end with 99 cents. Apple keeps 30 percent of sales prices to pay for operating the store.



Apple senior vice president of worldwide product marketing Philip Schiller said the iPhone "represents a new software platform for developers, combining the most advanced mobile operating system, sophisticated developer tools and a breakthrough way for developers to wirelessly sell and distribute their applications."



Apple released an iPhone kit to outside developers in March in an effort to make the hot devices even more popular and wrest market share from smart phone market powerhouse BlackBerry.



The kit lets programmers customize programs for the touch-screen mobile devices combining telephone, video, music, and Internet connectivity.



Apple vets software creations before making them available exclusively at the App Store.



Apple will sell Free iPhone models in the United States for 199 dollars and 299 dollars, depending on memory capacity. The original eight-gigabyte iPhone was priced at 600 dollars when it debuted in June last year.



Free iPhone prices in some countries will be as low as one euro (1.57 dollars) provided customers purchase multi-year service plans that translate into lucrative long-term revenue streams for carriers.



Apple is continuing its strategy of locking iPhones exclusively to one telecom carrier per country.



Apple and numerous technology websites have posted online tips on how to navigate Friday's anticipated buying frenzy.



Auckland student Jonny Gladwell, 22, had been first in line outside the Auckland store since Tuesday after being dared by friends who promised to pay for his phone if he lasted the distance in the queue.



"I'm going to go home, put this on charge, have a play with it and have a nice big sleep," Gladwell told Television New Zealand after securing one of the first iPhones sold in the world.



Source: http://news.yahoo.com/s/afp/20080711/tc_afp/lifestyleusitinternettelecomcompanyapple_080711045558

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An informative new iPhone Article

Despite Some Glitches, 'Suits' Wait for Apple's iPhone 3G



Jennifer LeClaire, newsfactor.com



Long lines and activation delays marred Friday's debut of Apple's New iPhone. Carrier AT&T blamed Apple.



AT&T said in-store New iPhone activations stopped at about 9:30 a.m. Eastern time, thanks to issues with the iTunes 7.7 software needed to configure the device. AT&T is recommending that customers activate the smartphones at home. Some analysts are certain the problem is getting blown out of proportion.



"Today's discount new iPhone launch differs a little bit from last year because this is a global launch. This started in New Zealand and will continue on to California," said Michael Gartenberg, an analyst at JupiterResearch. "You literally have hundreds of thousands of people buying and activating iPhones. I am not surprised that we are seeing some issues with the activation process with some people in some locations. Frankly, that's probably to be expected."



Some Shortages Reported



Gartenberg visited both an AT&T store and an Apple store in New York City on Friday. He reported lines were moving along smoothly. However, an AT&T store in midtown ran out of the 16GB New iPhone as early as 9 a.m.



Whether consumers wound up disappointed with discount iPhone 3G shortages after waiting in line, perhaps all night, might depend on where they were standing in line and the luck of the draw.



"At the Apple store I visited, they said they had plenty of iPhones on hand and they were not anticipating shortages. Of course, they didn't know what the demand would be like the rest of the day," Gartenberg said. "They've been selling the new iPhone since 8 a.m. The line was going around the block."



The Good, the Bad and the Ugly



The lines of people around the block would seem to indicate Apple has scored another big hit. But reports of glitches could be a bit of an ugly memory for some consumers.



"Any time you have that many people pounding on the same servers trying to do the same thing at literally the same time, I expect you are going to see some issues," Gartenberg said. "I did see some people having some small problems, but I also saw literally more people buying their phone, getting out and going on to the next thing without any problems whatsoever. I expect that whatever problems will be addressed within hours and not days."



'Suits' Stand in Line



There has been a lot of attention to Apple's plan to grab a bigger share of the business market. Although we're weeks away from seeing hard numbers, Gartenberg reported anecdotal evidence that seemed to suggest an appetite for the iPhone 3G store among professionals.



"What was interesting at an AT&T store in the middle of midtown Manhattan was the number of business types that were out there. Men and women in full business attire were waiting in line. These are not the sort of people usually you'd see on day one of the launch," he said. "Many of these folks were checking their Blackberries as they apparently waited for their opportunity to get an iPhone. If that's indicative of any trend, that bodes well for Apple."



Source: http://news.yahoo.com/s/nf/20080711/tc_nf/60749

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iPhone 3G Price to Hurt AT&T Profit


(NEW YORK) � AT&T Inc.'s profits for the next two years will take a hit as it subsidizes the new low price of the latest iPhones, the company said Monday.

The news sent the carrier's stock down 65 cents, or 1.7%, to close at $37.56.

AT&T, which is the iPhone's exclusive U.S. carrier, put the cost at 10 cents to 12 cents per share for this year and next, or roughly $600 million per year.

Carrier subsidies for expensive phones are usually around $200 each. The expected cost figure points to AT&T expecting to sell about 3 million of the new iPhones per year, but AT&T executives did not reveal specifics of the subsidy.

The cheapest model of the new iPhone, announced by Apple Inc. on Monday, will cost $199 when it goes on sale July 11. A model with twice the memory � 16 gigabytes � will cost $299. The cheapest model of the first-generation iPhone sold most recently for $399.

AT&T expects the new iPhone to add to its earnings in 2010 when it will no longer be required to share monthly subscriber revenue with Apple. Analysts had estimated these monthly payments at $10 to $15.

The revenue-sharing deal was an experiment, one of many things about the iPhone that turned industry practices on their head. Now, Apple and AT&T are adopting the standard model for the phone business: The carrier pays the handset maker for the phones, then subsidizes the phones to consumers in exchange for a two-year contract.

"We have changed the nature of the agreement to a more traditional wireless model," said Ralph de la Vega, head of AT&T Mobility.

Consumers will be the winners in the short term, as the price of the feature-rich iPhone is cut in half. But AT&T is raising the prices for service plans to start at $39.99 per month, plus $30 for unlimited data. That works out to a $10 increase from the cheapest plan for the first-generation iPhone.

For that price, Web surfing and downloads will be roughly twice as fast as with the first iPhone. AT&T charges $35 per month for unlimited data on BlackBerry phones and Windows smart phones.

Apple's revenue per iPhone will likely be cut, as it is deprived of residual payments from carriers. But its phone could see much wider adoption with a lower price. When the iPhone first went on sale last June, the cheapest model sold for $499.

The new arrangement also will allow AT&T to capture more iPhone buyers because they now must activate the phone before leaving the store. Previously, iPhone buyers could buy the gadget without activating it.

Many phones were "unlocked" so they could be used with other carriers and many were shipped overseas to countries where they weren't available. Analyst Toni Sacconaghi estimated that only half the iPhones sold have been activated with AT&T service.

IPhone subscribers are particularly valuable to AT&T, since they're unusually happy with their phones and pay an average of more than $90 per month for service, compared to less than $60 for other subscribers under contract. Less than 20% of AT&T customers have "smart phones" that are able to take full advantage of the company's expensive 3G network.

"The wireless industry is obviously at a key point of transition as we move into a new era of growth that's driven by advanced data services," said Rick Lindner, AT&T's chief financial officer.

Last week, AT&T said its 3G wireless network was operational in 275 markets. The company expects to have it operating in 350 up by the end of the year, when it will have spent $20 billion on wireless network improvements since 2005.

Source: http://www.time.com/time/business/article/0,8599,1813056,00.html?xid=rss-topstories

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Apple unveils upgraded iPhone with faster Internet


By JORDAN ROBERTSON, AP Technology Writer
Mon Jun 9, 7:54 PM ET

SAN FRANCISCO - The iPhone will soon be $200 cheaper � and come with satellite navigation, faster Internet access and other new features � but higher monthly service charges are likely to erase most of the savings.

Apple Inc. revealed Monday that it has scrapped its pricing plan for the iPhone as it unveiled a model that works over faster wireless networks, addressing key criticisms about the device that have hurt the company's foray into the cell phone industry.

An 8-gigabyte version with the new features will go for $199 when it goes on sale July 11, and a 16 gigabyte model will cost $299, the Cupertino-based company said.

Current iPhone owners who buy a new model and sign up for a new AT&T contract won't have to pay any penalties to get out of their current contract, AT&T spokesman Michael Coe said. And anyone who bought an iPhone in an AT&T store after May 26 can return it before Aug. 1 for full credit against a new one � less a 10 percent restocking fee.

Apple plans to make up the difference in sales revenue with volume � and with subsidies wireless carriers will now pay for the right to carry the gadget.

In changing the pricing arrangements, Apple is pulling out of revenue-sharing arrangements with some wireless carriers, a move that frees the carriers to charge higher prices for the service.

Apple shares fell $4.03, or 2.2 percent, to close Monday at $181.61 on the news, a sign that some investors were hoping for more and others were taking their profits after a four-month run-up in Apple's stock price, which leaped from $120 in March.

The new iPhones, initially to be introduced in 22 countries, are designed to work over so-called 3G, or third-generation, wireless networks and have global-positioning technology built in.

They will also support Microsoft Corp.'s Exchange software, an addition that puts the iPhone in more direct competition with Research in Motion Ltd.'s BlackBerry and Palm Inc.'s Treo smart phones and is intended to appeal to the business market.

Analysts have said Apple needed to slash the iPhone's price and make it usable on faster networks to hit the company's target of selling 10 million iPhones by the end of 2008. Apple said the 3G iPhones download data twice as fast the older ones.

Apple Chief Executive Steve Jobs said Apple has sold 6 million iPhones since the first model launched nearly a year ago and 700,000 since March. That points to a steady slowdown in sales starting in the fourth quarter last year as customers waited for a 3G version.

Jobs showed off the new models of the iPhone and about a dozen new applications for the device at Apple's Worldwide Developers Conference in San Francisco.

New applications range from video games that use the iPhone's motion-sensing technology to guide characters to study tools for medical students and a program that allows users to find nearby cell-phone-carrying friends on a map.

One program brings real-time video highlights and game stats from MLB.com; another creates an Associated Press news feed based on the user's location and lets users submit news tips to the AP.

Apple also announced a new Web-based service called "MobileMe," which the company describes as "Exchange � for the rest of us," a consumer-friendly way for people to link their iPhones to their home and work computers so updates entered into one device automatically appear in the others.

MobileMe will cost $99 per year and come with 20 gigabytes of online storage.

AT&T Inc., the exclusive U.S. carrier for the iPhone, said service for it will start at $39.99 per month, plus $30 for unlimited data. That works out to a $10 increase from the cheapest plan for the first-generation iPhone; over the course of a two-year contract, that increase wipes out the savings from the price cut Apple announced Monday.

AT&T's pricing covers only U.S. residents. While iPhone prices will drop outside the U.S. too, it wasn't clear whether other carriers would raise monthly fees to compensate.

AT&T also warned that it will take an earnings hit due to the pricing because new subsidies it agreed to pay will produce the iPhone price cut � not a reduction from Apple.

Apple said in a regulatory filing that under most of its new carrier agreements, it will not receive a share of subscribers' monthly service fees as it has under contracts for the first-generation iPhone.

Jobs said Apple waited to improve the iPhone for use on the faster network because the chips available when the iPhone first came out sapped too much battery life and were too bulky to fit the iPhone's slim design.

The addition of global-positioning technology improves the iPhone's accuracy in locating users. Current versions use a combination of cell-phone towers and Wi-Fi locations to help users figure out where they are.

The 1.73 million iPhones Apple sold in the first three month this year gave it a 5.3 percent share of the worldwide smart-phone market, according to research firm Gartner. Apple has been adding overseas markets gradually with carrier deals.

Source: http://news.yahoo.com/s/ap/20080609/ap_on_hi_te/tec_new_iphone_11

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Apple unveils new iPhone with faster Web, GPS


by Glenn Chapman

SAN FRANCISCO (AFP) - Apple Monday unveiled a new version of its popular iPhone built for high-speed wireless networks with faster Internet access and more features for business users.

"It's incredibly zippy," chief executive Steve Jobs said as he demonstrated the new mobile device at the opening of Apple's annual Worldwide Developers Conference in San Francisco.

"We've learned so much with the first iPhone. We've taken what we've learned and more and created the iPhone 3G; and it's beautiful."

The iPhone 3G -- for third-generation mobile networks -- is designed for faster Internet downloads, longer talk times, and takes advantage of the high-speed network to provide GPS mapping built in, Jobs said.

Apple will begin rolling out new versions of the sleek smartphone devices July 11 and make it available in 70 countries. The first-generation iPhone is available in six countries.

"The next time you are in Malta and need an iPhone, you will be able to get it," Jobs aid.

IPhone's software update features "many new languages," including two forms of Japanese and two forms of Chinese, one that lets users draw characters on the devices' touch-screens.

"You can switch between languages on the fly," Jobs said. "It's one of the great advantages of not having a bunch of plastic keys for your keyboard."

The crowd cheered when Jobs announced the iPhone 3G will sell for 199 dollars with eight gigabytes of memory. Apple will charge 299 dollars for a model with 16 gigabytes of memory.

"It is a very aggressive price point and it is going to do some damage to the other players in the market," Gartner analyst Van Baker told AFP, listing BlackBerry and Nokia among competitors in iPhone's crosshairs.

"It is clearly moving iPhone from being noticeable in the market to being potentially a market leader."

The eight-gigabyte iPhone 3G will be half the price of its predecessor and work twice as fast, according to Apple.

Jobs also said iPhone's second-generation software will let business users send and receive Microsoft Exchange email, in a direct shot at rival BlackBerry.

The iPhone software update is aimed at a business market that is currently hooked on BlackBerry devices made by Canada-based Research In Motion.

BlackBerry handsets have long let people "push" work email to the devices using the Microsoft email system.

Apple worked with Cisco Systems to build virtual private network (VPN) services into iPhones so businesses can establish secure connections to protect data being transferred.

Thirty-five percent of US Fortune 500 companies and the US military have "beta" tested iPhone's enterprise email, according to Jobs.

"It really has the ability to pack the power of a laptop into the size of a smart phone," said Randy Brooks, senior vice president of information technology at Walt Disney Company.

The iPhone 2.0 software update will be free to iPhone users and be available for iTouch iPods for 9.99 dollars.

Apple introduced a "Mobileme" service that lets people access personal email accounts on iPhones, laptops, or home computers via the Internet.

Apple also showcased iPhone applications crafted by third-party developers as part of a move to stock an "App Store" slated to open online for business July 11.

IPhone programs including games, social networking, medical studies, and converting the devices into musical instruments.

The original iPhone was launched on June 29, 2007, and set off a global buying frenzy.

Jobs said Apple has sold six million iPhones to date and predicts Apple will sell 10 million by the end of this year.

Apple's stock slipped more than two percent during the day's trading but recouped a smidgeon of lost ground to 182.21 dollars at 23h00 GMT.

Investors may be frowning on Apple because most of the announcements were leaked prior to Monday and the improved iPhone won't be available for more than a month, according to analysts.

"With the exception of Mobileme we knew everything else was coming," said Silicon Valley analyst Rob Enderle.

"The only surprise is the thing is not ready yet. It came across like Jobs didn't have it together."

Source: http://news.yahoo.com/s/afp/20080610/ts_afp/usittelecomequipcompanyappleiphone_080610023110

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