Apple unveils updated iPhone software

CEO Steve Jobs introduces the iPhone OS 4.0 and says 450,000 iPads have been sold.

By TheStreet Staff Apr 8, 2010 2:23PM

TheStreetBy Scott Moritz, TheStreet

 

Apple (AAPL) chief executive Steve Jobs kicked off Thursday's iPhone show with a few round numbers: 450,000 iPads sold, 600,000 iBooks downloaded and 4 billion applications downloaded to date.

 

On Monday, Apple it sold 300,000 iPads on the first day they hit the market. The company has sold 150,000 more iPads since. The iPad sales numbers, while solid, fall short of some of the most aggressive forecasts for the new device.

 

According to bloggers covering the event, Jobs emphasized the joy the device seems to bring people who buy it, flashing pictures of a girl gleefully opening an iPad box.

Tech watchers and investors have been waiting for more details about the new iPhone operating system, OS 4.0, and signs of the next version of the iPhone, which has accompanied the three previous operating system upgrades.

 

Bing: More on iPhone OS 4.0

 

The new iPhone OS 4.0 will offer enhanced multitasking capabilities, Jobs says. Prior versions of the software didn’t allow multiple applications to run at the same time similar to how people use their computers.

 

Going into the show at Apple's Cupertino, Calif., headquarters, tech fans have wondered when and where the fourth version of the iPhone will land.

 

With the three year exclusivity agreement at AT&T (T) expected to expire soon, there has been some speculation about whether a CDMA version or Verizon (VZ) iPhone was in the works. But in recent weeks, the likelihood of a Verizon iPhone has diminished as Verizon and Apple appear unwilling or unable to strike a deal.

 

Apple shares are up 13% this year, outperforming the 0.4% gain of the S&P 500 Technology Index.

 

Related Articles

 

Apple iPad wi-fi depends on how you hold it

 

Apple declares war on Google mobile

 

Google, not Apple, to rule smartphones world

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

113
113 rated 1
279
279 rated 2
416
416 rated 3
647
647 rated 4
548
548 rated 5
513
513 rated 6
669
669 rated 7
516
516 rated 8
317
317 rated 9
113
113 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
UPLULTRA PETROLEUM Corp10
TAT&T Inc9
COPCONOCOPHILLIPS9
DVNDEVON ENERGY CORPORATION9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.