Apple Stock Dips As Tim Cook Announces iPhone 4S Instead of iPhone 5

Should it feel like we're performing loads of these issues lately? Soon after massive unveiling announcements from both Facebook and Amazon inside the last couple of weeks, the tech globe had its main event this afternoon inside the type of Apple's large "buy our stuff!" party. Considering that assuming power from Jobs in August, new CEO Tim Cook has stayed largely out from the public eye, but nowadays he took takes place at his very first significant item launch to complete the same song and dance that helped make his predecessor a symbol. Soon after an hour or so in the fairly boring stuff, Cook got to the portion everyone was awaiting - the modern iPhone - and then he broke their hearts.

As an alternative to the much-anticipated iPhone 5, Apple addicts are going to be allowed to purchase the iPhone 4S later this month. The telephone will have exactly the same design since the old model, but comes total using a greater camera (eight megapixels), HD video, quicker information speeds, better life of the battery, and the voice-controlled "assistant" called Siri. But it's not the five!

The news sent Apple's stock cost down practically 4 percent pretty much instantly, despite the fact that it has leveled out just a little bit within the minutes since. Minutes! Wind down, people today.

The iPhone 4S will probably be obtainable (on AT&T, Verizon, and also Sprint) for $199 in 16-gigabyte form, $299 for 32-gigabytes, and $399 for that 64-gigabyte whopper. The suddenly ancient iPhone four will definitely cost $99, and also a basically useless iPhone 3G might be free having a contract. Pre-orders start October 7, plus the phones land 7 days later.
A single part on the speech sure to be overlooked because of a shiny new thing this is not quite new enough, Cook said in the beginning that Apple has sold a lot more than 300 million iPods worldwide. For many perspective, he said it took Sony Many years to dispose of 220,000 Walkman cassette players. Oh, plus the Zune is dead.