New iPhone launces as Apple shares drops

      Apple recently overtook Oil Gian Exxon Mobil as the most valuable company in the world but that no longer holds since Apple founder Steve Jobs announced his retirement. There is now a new twist to the story as Apple launched the new iPhone 4s which is the exact same design as the iPhone 4 but with a new features that works faster.

      Apple Inc.'s stock lost $2.10, or 0.6 per cent, dipping to $372.50 on Monday after the company revealed the newest iPhone model, the 4S. That version will be faster and more powerful than previous models. But some analysts had anticipated a more dramatic upgrade. 


      Apparently, investors are disappointed that there is no iPhone 5 or maybe it was due to the absence of Steve Jobs at the Launch. 

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