Apple Seeks To Muscle Into Telecom With iPod Phone

Apple Seeks to Muscle Into Telecom With iPod Phone

Today, at the Macworld Conference and Expo in San Francisco, Steve Jobs wowed the crowds with announcement of the new iPod Smart Phone and Apple TV. The iPod phone is to offer "a device that will make calls, surf the Internet, send and receive e-mail, and -- naturally -- play music and video downloaded from Apple's iTunes Store." As for Apple TV, it will stream video files from iTunes to a television set wirelessly. And, to top it off, Apple Computer's Inc. has changed its name to "Apple Inc." The name change is to signify that Apple has moved beyond just developing computers. After the announcements, Apple's share price soared to an all time high of $92.57/share (up 8.3%).