San Francisco - Apple (NASD: AAPL) CEO Steve Jobs unveiled the much-anticipated second-generation Apple smart phones at the company’s annual Worldwide Developer Conference in San Francisco on Monday. The new iPhone 3G will use third-generation, or 3G, wireless technology to enable users to run wireless Internet applications like streaming video much faster than before. The price is also cut to $199 from $399 for the 8GB version, when it goes on sale in 22 countries on July 11.

Apple is expected to launch a new version of its iPhone at the Apple World Wide Developers' Conference in San Francisco today Monday. As with all such events, the speculation amongst Apple fans and foes has almost reached fever pitch. Last week UK Internet visits to the iPhone website reached a new high. In fact, there were over twice the number of visits last week than during any of previous peaks, including the initial announcement, UK launch and recent price cut.

Apple (NSDQ: AAPL) CEO Steve Jobs unveiled a super-slim new laptop Tuesday, MacBook Air, as well as movie rentals on iTunes in his much anticipated keynote at MacWorld. However, investors were not impressed and sent the stock down 4.3 percent at of 10.40 am PST.

It is rumored that Steve Jobs will announce a video rental service for iTunes in his much-anticipated MacWorld keynote on Tuesday. Adding fuel to the fire of speculation, Netflix has preempted Apple's announcement saying it will offer unlimited access to its streaming video library to most customers. To lend context to the announcements, I wanted to profile Netflix and Blockbuster, the two biggest players in online movie rental.

Cupertino, Calif. - Apple CEO Steve Jobs said in an open letter on the company's website on Wednesday that the company will in February offer tools to developers looking to create third-party applications for the iPhone. "Let me just say it: We want native third party applications on the iPhone," Jobs wrote. "We are excited about creating a vibrant third party developer community around the iPhone and enabling hundreds of new applications for our users."

Washington - Apple CEO Steve Jobs has been subpoenaed by the SEC to give a deposition in a lawsuit related to the company's stock options granting practices, Bloomberg reported on Thursday, citing two people familiar with the matter.

Cupertino, Calif. - Seventy-four days after its introduction, Apple announced on Monday that it has sold its one millionth iPhone.

After a tight first round last week in which Jeff Bezos, Steve Jobs, Satoru Iwata, Rupert Murdoch, and Google’s Sergey Brin & Larry Page went head to head for the title of “The Most Powerful Player Today in Media, Entertainment, & Technology,” the readers responded with resounding support for Murdoch and Jobs.  Advancing them to the final round, take our new poll and tell us what you think.  And if you think neither is worthy of the title, or if you have a strong opinion why you chose one over the other, leave a comment and let us know.  Steve Hawley had the comment of the week last week when he wrote:

Cupertino, Calif. - Apple has announced that 270,000 iPhones were sold during the device's first two days on sale, a number that both the company and partner AT&T tried to reconcile with the fact that AT&T reported only 146,000 iPhones were activated during the same period.

Steve Jobs isn’t stupid. He knows that AT&T Wireless sucks. So why lock the revolutionary iPhone into a crappy network? Because Jobs knows that everyone will buy an iPhone anyway, even if they hate the network. And that, as Umair points out, shifts all the power to Apple.