Iphone, Electronics | featured news

Apple Inc. regained some momentum in its fourth quarter, selling more iPhones than expected while triggering some concerns about the iPad. But the results ratcheted up the pressure on the company for the current holiday quarter. The company is preparing to market a new set of products and is grappling with making enough iPhones.

The phone once coveted by the elite and the powerful is becoming an object of ridicule as Androids and iPhones corner the smartphone market.

Apple Inc. said Monday that it sold more than 5 million units of the iPhone 5 in the three days since its launch, less than analysts had expected. Apple shares were down $6.60, or 0.9 percent, at $693.49 in morning trading. The shares are still close to their all-time high of $705.07, hit Friday as the phone went on sale in the U.S., Germany, France, Japan and five other countries.

In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone. Eager buyers formed long lines Friday at Apple Inc. stores in Asia, Europe and North America to be the first to get their hands on the latest version of the smartphone.

...Apple released an update to its iPhone and iPad operating system on Wednesday that replaces Google Maps with Apple's own application. Early upgraders are reporting that the new maps are less detailed, look weird and misplace landmarks... One Twitter user quipped that the lines of people queuing up to buy the iPhone 5 on Friday will be shorter, because the buyers will be misled by the new Maps.

Samsung Electronics Co. said Thursday it anticipates accusing Apple Inc. of patent infringement over the iPhone 5, in a U.S. court case separate from the one that grabbed worldwide attention last month.

Even if you’re not planning to upgrade your iPhone to the iPhone 5, that doesn’t mean you have to sit out the smartphone refresh fun. Apple’s going to release the next version of its operating system, iOS 6, to the public Wednesday, which will come with an improved version of Siri, a new mapping app and calling features, such as the ability to set a “do not disturb” period.

Shares of Apple moved above $700 for the first time ever Tuesday morning, boosted by a strong reception for the latest version of its popular iPhone.

Demand for Apple Inc's new iPhone 5 has exceeded initial supply as the company booked 2 million orders in one day and pushed the delivery date for some preorders to next month.

The rush to be the first kid on the block with the latest iPhone is on. At midnight on Thursday, the new iPhone 5 became available for pre-order online though the Apple, Verizon, Sprint and AT&T sites. On Friday, major online outlets had already moved their estimated shipping dates back, indicating a large volume of orders or limited supply of iPhones ready to ship next Friday, September 21.