“Apple Inc. unveiled Tuesday the latest generation of its iPhone, featuring a faster processing chip, better camera and voice-command capability,” John Letzing reports for Dow Jones Newswires.

“The new device, dubbed the iPhone 4S, will be priced at $199 for a 16 gigabyte version, $299 for 32 gigabytes and $399 for 64 gigabytes, along with a two-year contract from either AT&T Inc., Verizon Wireless or Sprint Nextel Corp.,” Letzing reports. “Apple also will sell an 8 gigabyte version of the iPhone 4 for $99 and offer an 8 gigabyte 3GS for free, also with a two-year wireless contract. Preorders being Friday, with the phone shipping Oct. 14.”

Letzing reports, “The demonstration seemed to underwhelm investors and online tech bloggers. Shares of Apple fell [$17.06, or 4.55%, to $357.54 as of 3:20PM EDT].

Read more in the full article here.

MacDailyNews Take: There are plenty of numbers in the universe. Infinite, actually. Don’t worry, Apple, you won’t run out. Wonder what the mood would be right now had Apple simply named “iPhone 4S” the “iPhone 5?”

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