Shares of Apple dove nearly 18 percent today, its largest one day drop in eight years. Two brokerage firms downgraded the company stating that consumer belt-tightening would significantly impact the company's earnings.

According to media reports, Apple Inc. is selling unlocked iPhones in Hong Kong that allows the device to operate on any wireless carrier. Until now, Apple has tied the phones to service contracts with certain vendors. In Hong Kong, the unlocked iPhones will sell for the equivalent of $695 U.S. for the 8GB version and $798 U.S. for the 16GB version.

Apple Inc. has issued a recall on the tiny power adapter used by Apple's 3G iPhone around the world. There has been reports of the metal prongs breaking off the end of the power adapters in power outlets creating a potential risk for electric shock. Apple will begin exchanging the power adapters in Apple's retail stores as well as online beginning October 10th. The new power adapters have a green... More

According to the latest NPD Data, Apple's notebook market share in the U.S. has increased to 10.6 percent. Just last year Apple only controlled 6.6 percent of the market.

According to Richard Gardner, a Citigroup analyst, MacBooks have already begun shipping with a possible launch date of October 14th. The report from Barrons also indicates the new MacBooks will be priced significantly lower, and may represent the lower profit margins Apple predicted for future quarters during their Q3 financial results meeting. Apple also leaked news about a future product transition... More

As anticipated Apple released new iPods at their annual media event today. The new iPod nano's are taller and are much more vibrant in color. Apple released to versions with increased memory capacity the 8GB version for $149 and 16GB version for $199. The new iPod nano's are available in 9 different colors much more then Apple typically releases. Apple also released updated versions of its iPod... More

Engadget has confirmed that Apple Inc. will have their annual September media event on September 9th this year. The media event will be entitled "Let's Rock." In the past Apple has released new iPod players at its media event. New versions of the iPod nano and the iPod touch are expected to be released. There is also rumors of Macbook updates in the near future.

Apple has reached a non-exclusive deal with Mobile TeleSystems, Russia's largest mobile carrier, to start selling the iPhone in Russia. Reuters reported, that a second Russian carrier has also signed an agreement. Official sales of the iPhone in Russia are likely to begin in October. The iPhone is expected to sale for 24,000 rubles or approximately $990. The price is higher then the iPhone price... More

Best Buy wins agreement to sell Apple's iPhone. Best Buy will become the first retailer other than AT&T to be able to sell Apple's iPhone. Shares of Best Buy rose 2.5 percent and shares of Apple rose 1.2 percent immediately following the news. Both companies declined to comment on the terms of the agreement, and at least one analyst thinks that RadioShack may still obtain a similar agreement with... More

CEO Jobs stated that software sales at Apple's online iPhone store are averaging $1 million a day. In an interview with Steve Jobs, he predicted that sales from Apple's iPhone app store to reach over $1 billion in sales at some point.

Apple reported strong Q2 earnings; however, the company expects its gross profit margin to drop next quarter sending the stock down over 10 percent after hours. Peter Oppenheimer, Apple's Chief Financial Officer, hinted about a new product which the company expects to introduce before the end of September. As usual no specifics were mentioned, but Mr. Cook mentioned that the new products would provide... More

Apple Inc, has taken the number three spot in U.S. PC sales just surpassing Taiwan's Acer and is now the sixth largest computer manufacture world-wide. Most of Apple's increased sales are due to the increasing popularity for its iPod and iPhone products.

Apple has sold 1 million new 3G iPhones in its first three days. The stock rose nearly 3.5 percent as many analysts had predicted much slower sales. Last year it took 74 days to reach 1 million in sales for the original iPhone. As of last night, nearly half of Apple's 187 U.S. retail sells are completely out of stock, and AT&T reported that most of its stores have also ran out of inventory.

AT&T stores have run out of their initial shipments of iPhones just two days after the iPhone launch; however, most Apple stores still have inventory. Apple's global partners in U.K., Germany, Canada, and Japan reported that many its stores ran out the very first day of the launch as thousands lined up to buy the new model. According to initial numbers, most consumers seem to be preferring the 16... More

The launch of Apple's new 3G iPhone turned into a mess Friday, after many customers experienced issues getting their new iPhones to work. The problem was the iTunes severs become extremely overloaded causing grief to customers trying to activate their new phones. A system wide problem prevented consumers from activating their phones in store as planned. Consumers were told to go home to finish the... More