iphone 4s announced

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20.05 Ian Fogg, an analyst at Forrester, thinks Apple's decision to keep selling the 3GS (free on contract) and iPhone 4 (from $99 on contract) is one of the most significant points of this evening's announcement. He also thinks some of the disappointment about the 4GS is misguided.

Massive news for iPhone market share: Apple is switching to 3 models in its portfolio. Both the 3GS and 4 remain at cheaper prices. For those that doubt the iPhone 4S, remember that cheap 3GS iPhone is still competitive and it was also the same case as its predecessor.

19.58 Joe Weisenthal of Business Insider is among the disappointed crowds on Twitter:

If you're not disappointed by the iPhone 4S, well, then, you're just not enough of a dreamer, my friend.

19.52 The markets have confirmed their disappointment. Apple shares are now trading down 3.6 per cent, at $360.78.
19.44 The show's over. Tim Cook is "incredibly proud". Stick around as we round up the reaction, which appears to be generally underwhelmed.
19.43 Some prices and release dates are here. There will be a 16, 32 and 64GB model, released in seven countries including Britain on October 14. Apple will be taking pre-orders from Friday. The US prices are $199, $299 and $399, with a two-year contract. The iPhone 4 will drop to $99.
19.33 Despite Apple's protestations that the iPhone 4S is revolutionary, it looks like the markets were hoping for an iPhone 5. Apple stock is currently down more almost 2 per cent, while the Dow Jones is down 1.1 per cent.
19.31 At launch Siri will support English, French and German. Schiller says:
That is the coolest feature of the new iPhone 4S. We'll add more languages over time and more services over time as well.
19.29 On Twitter, Jason Sweeney has a quick Siri gag for Kubrick fans:
Open the pod bay doors, Siri.
19.26 More Siri demonstrations show it converting currency, searching Wikipedia and finding restaurants on Yelp, all with only voice input from the user. It also takes dictation.
19.22 Another example. Ask Siri to "remind me to call my wife when I leave work" and it sets up a reminder to go off when you actually leave work, using your location as a trigger.
19.18 Users will summon Siri by holding down the home button. Showing the system off, Scot Forstall asks, "do I need a raincoat?" and it replies that "it sure looks like rain today".
19.16 And here "the best thing yet", says Schiller. It's the rumoured new voice control functions, called Siri.
What we really want to do is talk to our device. Siri is your intelligent assistant and helps you get things done, just by asking.
19.13 AirPlay mirroring will allow users to stream anything from their iPhone's screen to Apple TV.
19.13 Here's Phil Schiller and the new iPhone 4S. It probably looks familiar.

19.10 The new camera means the iPhone 4S will be capable of capturing video in 1080p HD, and improvement on the current 720p.
19.08 We're onto the new camera. It's an 8MP, CMOS sensor. Nokia and others have been using such technology in their smartphones for a while.
19.05 As rumoured, the new device is compatible with both GSM and CDMA networks. This is good news mostly for Apple, as it will no longer have to manufacture two versions. British owners should get a wider choice of netwoks when roaming in the US, though.
19.03 Schiller returns to say iPhone 4S can switch between antennas even while you're on a call, to ensure better call quality. He also claims its mobile broadband speed is equivalent to that of a 4G network, which seems far-fetched.
When it comes to real world performance, the iPhone 4S is just as fast [as 4G phones]
18.59 Now Mike Capps, president of Epic Games in on stage, talking about games on the iPhone 4S. He is showing off Infinity Blade 2.
18.57 Phil Schiller's thoughts on the iPhone 4S not looking any different:
But don't be deceived because inside it is all new.
18.55 Drum roll please: the new iPhone is here and its called: the iPhone 4S. Looks the same as the 4.
18.54 Apple has cut the price of its iPod touch. The 8GB version is now down to $199.