Apple's Latest iPhone Underwhelms Investors

Apple's new iPhone has a better camera, a faster computer chip and new voice recognition capabilities, but investors weren't all that impressed. Apple shares fell slightly on a day when the rest of the stock market closed higher.

Copyright © 2011 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


Samsung says it will file court injunctions in France and Italy to try and block the sale of Apple's latest iPhone, citing patent infringement. Apple unveiled its latest version of the popular smartphone just yesterday. As NPR's Wendy Kaufman reports, the new device, called the 4S, didn't make the usual splash.

WENDY KAUFMAN, BYLINE: Product announcements from Apple are almost always a big deal. But yesterday's news underwhelmed some analysts and investors. Apple shares fell slightly, even though the overall market was up. Charles Golvin of Forrester Research explains why.

CHARLES GOLVIN: Many people have reacted with disappointment because they were expecting a radical redesign and they were expecting support for the quote-unquote "4G network."

KAUFMAN: That's the next generation, faster wireless network. Govlin himself wasn't disappointed in the latest iPhone. He especially likes something called Siri, which facilities voice commands in context.

GOLVIN: You could do things like get me a reservation for 7 pm and four people at the best Italian restaurant in Chicago. It could actually respond to that.

KAUFMAN: Apple sells more smartphones than any other single company, but it still has only about 5 percent of the worldwide market. By dropping the price of older models, something else it announced yesterday, Apple hopes to drive even more iPhone sales. Wendy Kaufman, NPR News.

Copyright © 2011 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: