Apple takes wraps off 4G-ready iPhone 5

Apple's Senior Vice President of Worldwide Marketing, Phil Schiller, speaks during Apple Inc.'s iPhone 5 media event in San Francisco.

Apple Inc on Wednesday took the wraps off the iPhone 5, the thinnest-ever version of a smartphone that yields the majority of its profit and helped it become the world’s most valuable corporation.

CEO Tim Cook, who took over from the company’s late co-founder Steve Jobs last year, faces pressure to introduce a gadget that can help Apple remain at the forefront of the industry. The iPhone 5 sports a larger 4-inch “retina” display, ability to surf a high-speed 4G LTE network, and is 20 percent lighter than the previous iPhone 4S.

The latest iPhone comes as Apple tries to fend off competition that has reached fever-pitch. Google Inc’s Android has become the most-used mobile operating system in the world, while key supplier and rival Samsung Electronics has taken the lead in smartphone sales.

Now, Microsoft Corp is pushing its Windows Phone 8 operating system as a third alternative to Apple and Google’s.

Rivals have been first to market with phones that have bigger displays or run on faster wireless networks. Apple will try to close that gap with the unveiling of the newest iPhone, widely reported to offer 4G LTE for the first time and a 4-inch display, up from 3.5 inches.

MORE APPS

Cook began Wednesday’s event by saying the company’s notebooks now rank tops in U.S. sales, leading in market share in the past three months.

But it is the iPhone that carries the weight of Apple’s future on its slim frame, especially with the company continuing to play its cards close to the vest about future growth drivers, including an oft-rumored TV device.

Apple has sold more than 243 million iPhones since its 2007 arrival, after which the device proceeded to upend the industry and helped usher in the current applications ecosystem.

Cook told the audience at the Yerba Buena Center in San Francisco that its apps store now has more than 700,000 on tap — the industry’s largest library.

Apple also is making a lot of headway in a corporate market that has been dominated by struggling Canadian smartphone maker Research in Motion. Cook said almost every Fortune 500 companies was testing or using its iPhones and iPads.

Globally, Samsung leads the smartphone market with a 32.6 percent share followed by Apple with 17 percent, according to market research firm IDC. Both saw shipments rise compared to a year ago, with Samsung riding its flagship Galaxy S III phone.


News
Entertainment
Sports
Lifestyle
National

New statue of Penn State's Paterno set for…

By David DeKokHARRISBURG, Pennsylvania (Reuters) - Fundraising for a new statue depicting Joe Paterno "as the man he was and not Joe the football coach"…

Local

Future Boston Alliance invites you to #RidetheLine, support…

#RidetheLine aims to show the city, the nation, and the globe our creative impact as Boston citizens.

Local

(Update) Body of missing BU grad Eric Munsell…

The dead man pulled from the water at Boston's Long Wharf Wednesday afternoon was that of missing 24-year-old Boston University alumnus Eric Munsell, Boston Police said today.

National

On newly released tape, 'Squeaky' Fromme says was…

Manson Family member Squeaky Fromme told a mental health examiner in newly released interview the "X" she carved in her forehead was meant to separate her from "the system."

Movies

Tribeca: 'Goodbye to All That' star Paul Schneider…

Paul Schneider talks about his new film "Goodbye to All That," not acting too much and how he'd rather indulge in simple pleasures than play the scene.

The Word

Taylor Swift battles paparazzi daily at Tribeca penthouse

We're entranced by these photos of poor Taylor Swift leaving her Tribeca apartment.

Movies

Tribeca: Nikki Reed on going funny for a…

"Intramural" star Nikki Reed talks about being the straight person in a broad comedy, spending time in Austin and how "Thirteen" was a "miracle."

Arts

'Becoming Cuba' at Huntington is a bit short…

Playwright Melinda Lopez freely lampoons the English language for its lack of passion in her latest work, “Becoming Cuba.” Ironically, the Huntington Theatre Company’s playwright-in-residence…

NFL

2014 NFL Mock Draft: Updated, new April 24…

2014 NFL Mock Draft: Updated, new April 24 version

MLB

5 infamous pitcher ejections for cheating

Never fear Yankees fans, Michael Pineda is far from the first MLB pitcher to be thrown out of a game for cheating.

NFL

Patriot’s schedule comes up fair

Those looking for built-in excuses for the Patriots 2014-2015 season will have to look elsewhere, because their schedule came up fair. For the fourth straight…

MLB

Nava demoted, Victorino return imminent

  Red Sox outfielder Daniel Nava, who was batting a team-low .149/.240/.269, was demoted to Triple-A Pawtucket on Wednesday. "His struggles at the plate, I…

Parenting

New study: Inside the wage gap between boys…

According to a new study, there's a wage gap between boys and girls, with boys earning more allowance for less chores.

Tech

From Apple TV to Fire TV, big changes…

Apple is set to launch a new generation of it's Apple TV, which grossed over $1 billion in 2013. But competition from Amazon and Google looms.

Style

Katy Perry releases a new Claire’s collection

Katy Perry expands her empire by releasing an accessories collection at Claire's.

Style

MAC & Proenza Schouler collection unveiled

MAC Cosmetics is releasing a new collection with Proenza Schouler.