Apple has finally unveiled its new iPhone and it's not an all-new iPhone 5, but an upgraded version of the iPhone 4, which despite being a significant improvement resembles a bit of a disappointment to Apple fans. In fact, Apple's share price actually dropped following the iPhone launch event.

iPhone 4S is faster and smarter. It has a better camera, with 8 megapixels, and much better voice recognition. But as Apple CEO Tim Cook admitted, it's an iPhone 4 with more advanced features. 

So, it isn’t the new, iconic, must-have device that a redesigned iPhone 5 would have been.

More at Mashable and read about the 5% drop in Apple's stock after the new iPhone announcement.

Apple’s new iPad became available in all 221 US Apple retail stores and most Best Buy stores on Saturday, April 3. Starting at just $499, iPad lets users browse the web, read and send email, share photos, watch HD videos, listen to music, play games, read ebooks and much more, all using iPad’s revolutionary Multi-Touch™ user interface.

iPad is just 0.5 inches thick and weighs just 1.5 pounds—thinner and lighter than any laptop or netbook—and delivers up to 10 hours of battery life.
“iPad connects users with their apps and content in a far more intimate and fun way than ever before,” said Steve Jobs, Apple’s CEO. “We can’t wait for users to get their hands and fingers on it this weekend.”
Apple retail stores will offer a free Personal Setup service to every customer who buys an iPad at the store, helping them customize their new iPad by setting up their email, loading their favorite apps from the App Store, and more. Also beginning Saturday, Apple retail stores will host special iPad workshops to help customers learn more about it.
iPad is available in Wi-Fi models on for a suggested retail price of $499 for 16GB, $599 for 32GB, and $699 for 64GB. The Wi-Fi + 3G models will be available in late April for a retail price of $629 for 16GB, $729 for 32GB and $829 for 64GB. iPad will be sold in the US through the Apple Store. n

Apple CEO Steve Jobs, on Wednesday 27 January, unveiled the iPad, the widely anticipated tablet-style computer that he called "a truly magical and revolutionary product." It has a 10-inch screen, runs existing iPhone apps from the Apple apps store and is available in 16-gigabyte, 32-gigabyte and 64-gigabyte versions. It runs on a 1 GHz processor and is about a half-inch thick and weigh about 1½ pounds.

"What this device does is extraordinary," Jobs said. "It is the best browsing experience you've ever had. ... It's unbelievably great ... way better than a laptop. Way better than a smartphone."

The computer will act as a sort of missing link between the two. The model Jobs demonstrated at an invitation-only event in San Francisco operated without a hardware keyboard, with Jobs typing on a nearly full-size touchscreen keyboard.

Jobs also announced iBooks, Apple's e-books reader, which includes an integrated store selling titles from from publishers such as Penguin, HarperCollins, Simon & Schuster, MacMillan and Hachette.

Pricing for iPad will start at $499 for the 16-gigabyte version, $599 for the 32-gig version and $699 for the 64, Jobs said. Having 3G mobile access will cost an extra $130 on each, he said.