Apple iPhone Shakes Up The Stock Market

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There’s a new player in town in the mobile phone arena, and it’s a familiar face to many: Apple. News of the iPhone has managed to boost Apple’s share price, and send a clear message to competitors that the iPhone can’t be ignored.

The iPhone will cut down on multitasking. It includes the music and video features from its iPod cousins but also global positioning, Google mapping software, Web surfing, e-mail and a phone.

More than 70 million iPods have been sold since they debuted in 2001 and during his keynote speech at MacWorld Conference & Expo on Tuesday in San Francisco, Jobs said his new “revolutionary product” will change everything.

The iPhone has received huge interest since it’s been released, and it appears clear that people are expecting big things of the new device. This could just be the mobile phone announcement of the year.

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