“Apple Inc. Chief Executive Steve Jobs used the stage at the company’s annual developers conference Monday to show off Leopard, the up-coming version of the company’s famous operating system,” Rex Crum and Dan Gallagher report for MarketWatch.
“Jobs gave little new information about the company’s wildly anticipated iPhone, slated to go on sale in three weeks. Nor did he announce any news related to the company’s popular iPod digital music players,” Crum and Gallagher report.
“He did say that Apple has launched a new version of its Web browser software for Windows users. He also outlined a system by which independent developers can write new programs for the iPhone – though he stopped short of opening up the device’s software code for developers,” Crum and Gallagher report.
“Lack of news about the iPhone may have contributed to the weakness in Apple’s shares following Jobs’ keynote address at the company’s Worldwide Developers Conference in San Francisco,” Crum and Gallagher report.
“After concluding his speech, Apple’s shares slipped more than 3% to a low of $120.30. The stock has been on a tear of late – surging nearly 40% in the last two months on anticipation of the iPhone’s potential business,” Crum and Gallagher report. “The stock was trading up about 1% before Jobs took the stage.”
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