From CBS News:
Apple Renames Itself, Unveils IPhone
Apple CEO Steve Jobs unveils new change, long-awaited phone; shares jump more than 6 percent
SAN FRANCISCO Jan 10
By RACHEL KONRAD
AP Technology Writer
Apple Computer CEO Steve Jobs on Tuesday announced the iPod maker's long-awaited leap into the mobile phone business and renamed the company just "Apple Inc.," reflecting its increased focus on consumer electronics.
The iPhone, which will start at $499 when it launches in June, is controlled by touch, plays music, surfs the Internet and runs the Macintosh computer operating system. Jobs said it will "reinvent" wireless communications and "leapfrog" past the current generation of smart phones.
"Every once in a while a revolutionary product comes along that changes everything," he said during his keynote address at the annual Macworld Conference and Expo. "It's very fortunate if you can work on just one of these in your career. ... Apple's been very fortunate in that it's introduced a few of these."
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