Apple announced Tuesday that it has scheduled an event for Sept. 12, at which it is widely expected to introduce a new iPhone.
The highly anticipated event will likely feature the long-awaited unveiling of the iPhone 5. The invitation sent to the press features a prominent "5" as the shadow cast by the "12," signifying the event's date.
The new iPhone is expected to have an elongated screen, 4G network speeds, a faster processor and some other structural and internal changes. Still, it's worth noting that even the most widely circulated iPhone-related rumors often turn out to becompletely unfounded. Apple notoriously holds its secrets very close to its chest.
Last year at this time, rumors circulated that Apple was working on an "iPhone 5" with a larger screen, 4G capabilities and no home button. Instead, it delivered the iPhone 4S, an incrementally updated smartphone cut from the same mold as its predecessor, the iPhone 4. The biggest change was the addition of the voice-activated assistant Siri.READ FULL CNNMONEY.COM STORY
[Updated at 4:19 p.m.] HP raises bid for data storage company 3PAR to $27 a share, topping Dell's earlier offer of $24.30 a share.
[Posted at 9:21 a.m.] Storage company 3PAR said Thursday it has accepted Dell's revised offer of $1.6 billion to buy the company after Hewlett-Packard outbid Dell's initial offer.
Dell's new offer of $24.30 per share is 30 cents a share higher than HP's bid and $6.30 a share higher than its first offer of $18 per share, or $1.15 billion. The latest bid represents a 152% premium over 3PAR's closing price of $9.65 the day before Dell's initial bid.
"Storage is at the forefront of this strategy," said Dave Johnson, Dell's senior vice president of corporate strategy, said in a prepared statement. "With the 3PAR acquisition, Dell with have the broadest set of differentiated storage solutions in the market today."
Both Dell and HP submitted bids for the company last week, but HP raised its bid after Dell's offer was announced publicly. On Wednesday, 3PAR told Dell that Dell had three days to raise its offer, or it would go with HP's deal.
Microsoft unveiled two new smartphones Monday, designed for the new generation of heavy social networking users.
Called the KIN ONE and the KIN TWO, the phones feature many of the standard offerings of smartphones currently on the market: touch screens, slide-out keyboards, Web browsers with pinch-to-zoom, and applications for download. Where the phones differ from traditional smartphones is in the integration with social networks.