Fifteen months after the iPhone 4 was introduced, Apple unveils its successor: the iPhone 4S
Apple on Tuesday introduced a new iPhone, the iPhone 4S, and a new voice control system called Siri that it hopes will keep it ahead of its competitors by changing the way people communicate with their mobile phones.
Siri, however, is still in beta -- or not quite finished -- mode.
And the phone most of the world was waiting for -- the iPhone 5 -- did not materialize.
The result: A special event that was more an update on existing products than the breakthrough many were expecting.
The market reacted by punishing the stock. By 2:11 PM, Apple was trading at $360.44, down $14.46 (3.9%) from its opening price of $374.90. Only two weeks ago it hit an all-time intraday high of $422.86.
The stock recovered somewhat by the end of the day to close at $372.50, down only $2.10 (0.56%) for the day.
Below: Our live blog of the event in reverse order, with the most recent entries on top.
A lot of room to grow, says one. The beginning of the end, says the other.
Few analysts have championed Apple (AAPL) as long or as loyally as Piper Jaffray's Gene Munster, who stuck his neck way out ahead of the pack with his early iPhone sales predictions.
Few analysts are more deeply reviled by Apple investors than JMP Securities' Alex Gauna, who has made quite a name for himself as an MOREPhilip Elmer-DeWitt - Aug 26, 2011 5:54 AM ET
In this episode of Techmate, Jon Fortt and Philip Elmer-Dewitt discuss Apple's (AAPL) new iPhone, and explain how the company's focus has shifted from computers to mobile devices. Plus, find out what the new phone means for tech titans like Intel (INTC), Google (GOOG) and Cisco (CSCO).Mason Cohn, Producer - Jun 7, 2010 8:07 PM ET
In this episode of Techmate, Jon and Michael explain why despite its large market share Research in Motion (RIMM) and its iconic BlackBerry may be threatened by the touchscreen revolution. With Apple's (AAPL) iPhone becoming evermore popular and Google's (GOOG) Android OS quickly gaining steam, the Techmates wonder if smart-phone keyboards will soon be extinct. Plus, as an added bonus, find out why Michael is now smitten with his Nexus MOREMason Cohn, Producer - Apr 30, 2010 12:11 PM ET
In this episode of Techmate, Jon and Michael breakdown Facebook's F8 conference, and the company's strategy to become the Google (GOOG) of the social-Web.Mason Cohn, Producer - Apr 21, 2010 9:08 PM ET
In this episode of Techmate, Jon explains why Apple's (AAPL) new iPhone 4.0 operating system, with its beefed up advertising features, is a direct attack on Google (GOOG).Mason Cohn, Producer - Apr 8, 2010 8:23 PM ET
In this episode of Techmate, Jon and Michael wonder what Apple's (AAPL) iPad will actually be used for.Mason Cohn, Producer - Apr 2, 2010 1:54 PM ET
In this episode of Techmate, Jon and Michael compare Apple's (AAPL) closed-system strategy to Google's (GOOG) more open approach.Mason Cohn, Producer - Mar 31, 2010 1:04 PM ET
Mason Cohn, Producer - Jan 13, 2010 11:45 AM ET
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