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Apple unveils next iPhone

  By TechUniverse
Apple Inc introduced the newest version of its iPhone on Monday, hoping to stay a step ahead of a growing cast of rivals like Google Inc in the red-hot smartphone market. Chief Executive Steve Jobs sketched out the new iPhone 4 with more than 100 new features to a packed room at the company's developers' conference in San Francisco. IPhone 4 comes with many features that analysts expected, including a better display and a front-facing camera that could potentially be used for videoconferencing. It is 24 percent slimmer than the current 3GS model. Apple's shares had fallen as much as 1.5 percent in early trading before bouncing back with the broader stock market. They were holding steady in late trading. Its stock has already gained more than 20 percent this year, and the company overtook Microsoft Corp to become the world's most valuable technology company. Few had expected major technological advancements from the 3GS. Read More

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