Apple iPhone Announcement Official…and iTV…and a Namechange

Photo courtesy of Gizmodo.com

Apple shares are up about $6 right now due to the annoucement made this morning. As reported by Marketwatch.com, the phone, to be available in June, will use new “multitouch” technology, Jobs added, calling the phone the “ultimate digital device.” It will have a 3.5-inch diagonal screen and be 11.6 millimeters thick. Apple’s iPod technology is built into the phone.

Other Macworld announcements included the Apple TV, which was previously dubbed iTV. It will feature a 40-gigabyte hard drive and be able to store up to 50 hours of video. The device can stream to five personal computers, and will be able to hold movies, television shows, music and photographs. Apple TV will be priced at $299 and begin shipping in February.

So in addition to SmartMoney Magazine’s stock suggestions for 2007, add Apple, Inc. (note the name change…also annouced today to reflect its involvement in the variety of consumer electronic) to your list. That’s ticker AAPL for you “homebodies”.

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