iPhone News from Yesterday’s Apple Event

Steve Jobs at Apple EventYesterday’s Apple Event starring Apple CEO, Steve Jobs, included announcments on new iPods and an update to iTunes but there was no huge impact seen from new products or applications related to iPhone news other than new 2.1 Firmware.

Still, there were some good stats unveiled including over 100,000,000 downloads of apps from the iTunes app store.

One of the cooler, new features in iTunes is something called “Genius” which intelligently and instantly makes playlists by looking at one song and then populating a playlist that relates to it.

“People have a lot of music on their devices that they haven’t listened to in ages,” Jobs said. “That’s what Genius does. It helps them rediscover music they already have.” Obviously, this is something the iPhone owners community will enjoy as well as iPod owners.

Marc Sigal makes a nice summary on his blog about the huge opportunity ahead for Apple – if for no other reason than the solid position Apple has created in its music and communication platform to date:

“The numbers don’t lie: 65M credit cards on account with iTunes account holders; a rapidly growing subset of these users can be reached anytime, anywhere via the iTunes wireless store (read: the 10M+ iPhone and iPod touch owners expected by year’s end)…”

In spite of the hoopla around the event, Silicon Alley Insider reports that investors in Apple stock “sold on the news” and Apple stock sank during the keynote.

September 10, 2008 – 9:14 am

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