Apple founder dies at 56

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The Apple co-founder and former CEO, Steve Jobs has passed away.

Jobs was known for his invention and discovery of sleek gadgets that transformed the technological landscape of the world. Among the products he invented were the personal computers, the line of iPod, IPhone and iPad.

The company’s website quickly changed its website with a photo of Job’s picture labeled “Steve Jobs 1955-2011″. Upon clicking the site redirects to a company statement that states “We are deeply saddened to announce that Steve Jobs passed away today. Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve”

Steve Jobs suffered from cancer that started in 2004 and underwent a liver transplant in 2009. He made several medical leaves in the company until it lead to his official resignation last August.

Jobs started the Apple company with a high school friend, Steve Wozniak in a Silicon Valley garage in 1976. After 10 years he was forced to leave the company then asked to return in 1997. Since then, he transformed the company to what it is today.

Through Job’s vision and innovation, he transformed how human’s use computers – from a simple hobby to a “must-have” of the modern times.  With his products, Jobs also changed the music, computer, and cellphone industries.

Job’s last appearances were last March 2011 for the release of the iPad 2, last June 2011 for the iCloud program then the announcement of his resignation last August 2011 stating “always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come” and naming Tim Cook as the new CEO of Apple.

Apple sends invites for October 4th Media Event; hints new iPhone release

Confirming the rumors that have been circulating the web for months, Apple issued yesterday invites for media for a special event labeled as “Let’s talk iPhone”. The event will be held on October 4th at the company’s Town Hall Auditorium in its headquarters in Cupertino, California at 10:00AM PST.

Apple enthusiasts are already expecting the release of new products including the iPhone 4S or iPhone 5, new line of iPods including white iPod touches, and the release of new software such as the iOS5 and the iCloud.

There were also rumored reports that Facebook will be part of the event to launch its official iPad app.

Apple’s third quarter record

Apple more than doubled its net income during its fiscal third quarter, which ended June 30, to $7.3 billion, or $7.79 per share.

Analysts’ census by Thomson Reuters had expected earnings of $5.85 per share.

Apple’s stock price increases 5% after hours, at one point soaring above $400 for the first time. The company’s shares had closed at a record high of $376.85 on Tuesday.

Sales for the Cupertino, Calif.-based company rose 82% to $28.6 billion, peaking analysts’ forecasts of $25 billion.

Peter Oppenheimer, Apple’s chief financial officer, said he anticipates the company to produce sales of $25 billion and earnings per share of about $5.50 during the current quarter. As always, Apple’s ultra-conservative outlook should be taken with a grain of salt. For instance, Apple beat its own fiscal third-quarter sales forecast by 24% and its profit forecast by 54%.

Analysts expect sales of $27 billion and earnings of $6.45 per share in its fiscal fourth quarter.

Source:Apple’s record day

Sleeker, Slimmer new Iphone4 coming this June 24

The next iPhone comes out June 24 and will have a higher-resolution screen, longer battery life and thinner design.

CEO Steve Jobs opened Apple Inc.’s annual conference for software developers Monday by demonstrating the iPhone 4, which will cost $199 or $299 in the US with a two-year AT&T contract, depending on the capacity. The iPhone 3GS, which debuted last year, will still be available, for $99.

Some of the mystery surrounding Apple’s latest creation had been punctured in April, when the tech blog Gizmodo bought a lost iPhone prototype for $5,000 and posted pictures of the unit. Apple demanded it back, and authorities have been investigating whether a Gizmodo editor broke any laws.

“Stop me if you’ve already seen this,” Jobs said Monday as he started his demo.

The iPhone 4 is sleeker and more advanced than the original iPhone that came out in 2007.

Like the iPhone 3GS, it comes in black or white, though it has a more angular look. Its front and back are covered with glass, and it is rimmed with stainless steel that acts as part of the phone’s antenna.

It is about three-eighths of an inch thick; the iPhone 3GS is nearly half an inch. It can shoot high-definition video, catching up to some other smart phones. It has a gyroscope in addition to other sensors, to enable more advanced motion-sensing applications, such as games and mapping services.

The display on the iPhone remains 3.5 inches diagonally, but Jobs noted that it can show four times as many pixels — the individual colored dots that make up an image — as the previous screen. That makes for a sharper appearance.

One of the most noticeable changes is the iPhone’s new camera on the front that can be used for videoconferencing, in addition to a five-megapixel camera and a flash on the back. For now, the videoconferencing function, FaceTime, works only if both parties to the call have an iPhone 4 and are connected over Wi-Fi rather than a cell phone network. Jobs indicated that FaceTime will eventually work over cellular networks, saying Apple needs to “work a little bit” with wireless providers to make it “ready for the future.”

The battery on the new iPhone will allow up to seven hours of talk time — an improvement over five hours on the last model. It can handle up to six hours of Web browsing over cellular networks or 10 hours over Wi-Fi.

The new phone will run the latest version of Apple’s mobile software, now called iOS4, which Apple unveiled in April to offer such features as the ability to operate more than one program at a time. Older iPhones and iPod Touch devices will be able to get iOS4 as a free download June 21, though not all features will work on them.

New applications for the device will include a version of the popular game Farmville and one from Netflix that lets people watch streaming video where they left off on their TV.

Apple is trying to tighten the links between the iPhone and its iPad tablet, which came out April 3. It is releasing a version of its iBooks e-reading application for the iPhone, which means people could buy an e-book from Apple on either device and read it on either one as well.

Michael Gartenberg, a partner at analyst firm Altimeter Group, said the iPhone upgrade puts pressure on smart-phone makers that use Google’s Android operating software. Android, which was first released on a phone in 2008, has been gaining popularity as major phone makers such have Motorola Inc. have relied on the software for iPhone rivals such as the Droid.