Apple Inc. (NASDAQ: AAPL) $230B (MarketCap) Introduces iPhone 4

Apple Inc. (NASDAQ: AAPL) $230B (MarketCap) Introduces iPhone 4

Apple Inc. (NASDAQ: AAPL) has continually been able to capture substantial market share in every market it enters. There have been over 2 million iPads sold, "selling one every three seconds", and they are now selling it in 10 countries. Within 65 days of release, iBooks' share of total eBook sales is at about 20% and rising, with 5 million iBooks downloaded to date. Apple's quick and efficient operations can be noted by the company's App Store, which sells downloadable programs that run on the machine, now featuring 225,000 apps.

CEO Steve Jobs stated 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. Developers have made more than $1 billion selling Apple apps. eBay CEO John Donahoe stated at D8 last week that the company's iPhone application was responsible for $600 million in volume last year. Another stat to note is that the iPhone has 58.2% mobile browsing share, with over 3 times the market share of Android in Q1 2010.

Today, Steve Jobs introduces the Apple iPhone 4 at the Worldwide Developers Conference in San Francisco, a forum he typically uses to showcase new products. Apple has updated the iPhone each summer since the device's debut in June 2007.

This newest version will be released for sale on June 24th, and includes a significant amount of improvements to the already innovative iPhone. Some features to note include the new design, camera features, multitasking, folders, enhanced e-mail, iBooks, and iAd (mobile advertising platform).

The precision of the new design is unheard of, just 9.3 mm thick, 24% thinner than the 3Gs, making it the thinnest smartphone on the planet. It also maintains stainless steel for strength, optical quality glass on each side for scratch resistance, and built-in antennas. Jobs notes that they've been able to build in a larger, improved battery, including 7 hours of 3G talk,10 hours of video, 40 hours of music, and 300 hours of standbye. The updated camera is now at 5 megapixels, with LED flash, a backside illuminated sensor, and HD video recording capabilities. The feature that I am most excited about is the FaceTime video calling, which operates iPhone4 to iPhone4 and is WiFi only. With this feature, you can use front or rear camera and you can switch between the two to show the person you're talking to what you're seeing.

Jobs described this release as "the biggest leap since the original iPhone." Apple continues to set and push the bar higher when it comes to unique, innovative products, and this iPhone release is a perfect example. When it comes down to it, it seems as if every phone is compared to the iPhone, showing its complete dominance in its market share.

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