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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared WRAPUP 5-BP plans to capture 20,000 bpd from leaking well 11:00am EDT Euro hits multi-year low, recovers on short covering 9:38am EDT Israeli patrol kills four militants in diving suits 11:22am EDT Ex-Union Carbide officials sentenced over Bhopal leak 11:37am EDT Analysis: Obama and Democrats walk tightrope on oil spill 1:02am EDT World stocks hit by European debt and U.S. jobs | Video 11:00am EDT BP plans to capture 20,000 bpd from leaking well | Video 11:26am EDT Wall Street falls on industrials, chipmakers | Video 11:26am EDT Chrysler recalls nearly 600,000 vehicles 10:13am EDT Circumcision may prevent sex-related penis injuries 04 Jun 2010 Circumcision may prevent sex-related penis injuries 04 Jun 2010 Costa Rica puts brakes on popular stem cell tourism 1:06am EDT Chrysler recalls nearly 600,000 vehicles 10:13am EDT Ex-Union Carbide officials jailed over Bhopal leak 8:52am EDT Euro hits multi-year low, recovers on short covering 9:38am EDT Restaurant tells diners to eat up or else 04 Jun 2010 BP plans to capture 20,000 bpd from leaking well | Video 11:26am EDT Analysis: Obama and Democrats walk tightrope on oil spill 1:02am EDT Yahoo users to gain more access to Facebook 06 Jun 2010 World stocks hit by European debt and U.S. jobs | Video 11:00am EDT Jobs headlines Apple event, new iPhone in the wings Gabriel Madway SAN FRANCISCO Mon Jun 7, 2010 7:12am EDT Related News New Apple iPhone on tap but may fail to dazzle Fri, Jun 4 2010 PREVIEW-New Apple iPhone on tap but may fail to dazzle Fri, Jun 4 2010 Chunghwa Telecom wants iPad and next-gen iPhone in Taiwan Fri, Jun 4 2010 UPDATE 1-Chunghwa Telecom wants iPad, next-gen iPhone in Taiwan Fri, Jun 4 2010 PREVIEW-New Apple iPhone on tap but may fail to dazzle Thu, Jun 3 2010 Apple Inc. CEO Steve Jobs smiles at the end of the iPhone OS4 special event at Apple headquarters in Cupertino, California April 8, 2010. Credit: Reuters/Robert Galbraith SAN FRANCISCO (Reuters) - Apple Inc is widely expected to unveil its latest iPhone on Monday, as the company aims to stay a step ahead of rivals in an increasingly competitive smartphone market. ipad | Technology | Media Chief Executive Steve Jobs will take the stage at Apple's annual developers' conference in San Francisco, with investors and consumers alike anticipating their first glimpse of a fourth-generation handset. But the bar is set high and it will be a challenge to wow Wall Street. Apple's stock has already gained more than 20 percent this year, and the company overtook Microsoft Corp to become the world's most valuable technology company. Few are expecting major technological advancements from the current model, known as the 3GS. The new iPhone is expected to be faster, sport a front-facing camera for videoconferencing, boast longer battery life and a better screen. Although no game-changing innovation is anticipated, the iPhone remains the gold standard in the smartphone market, and Apple's product launches are the most closely watched events on the technology calendar. The iPhone has been a huge success since it debuted in 2007, boosting Apple's margins, transforming it into one of the world's leading mobile device makers and setting the competitive landscape in a smartphone battle that will play out for years. Although the iPhone is gaining share globally, it faces a slew of new competitors, including Motorola Inc and HTC, designing high-powered handsets based on Google Inc's Android software. Only last year, Research in Motion Ltd was seen as Apple's top rival. While the company's BlackBerry remains the smartphone of choice for many corporations that need fast email, Apple has made strides in that market as security concerns addressed by the BlackBerry eased. But the iPhone's prime target -- for now -- remains the consumer. Investors are monitoring the smartphone wars closely, particularly in international markets where the iPhone's penetration is relatively small. In the United States, Wall Street and consumers alike are eagerly anticipating an iPhone on the network of Verizon Wireless, the No. 1 telecoms provider. But that announcement is not expected to come Monday. Most analysts expect to see a Verizon iPhone some time next year, or perhaps as early as this fall. Wall Street will also be following the iPhone's pricing closely. The iPhone 3GS currently starts at $199 with a subsidy from exclusive carrier AT&T. Many analysts expect Apple to cut that price to $99 and tag the new iPhone at $199. The second-generation iPhone, known as the 3G, is expected to be discontinued. On Friday, it was not available for sale on Apple's website. (Editing by Edwin Chan and Richard Chang) ipad Technology Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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