Jobs may unveil IPod phone
Apple Computer CEO Steven Jobs conquered the market for digital music players with the iPod. Now he may take aim at the mobile phone business.
By Agencies |
SAN FRANCISCO: Apple Computer CEO Steven Jobs conquered the market for digital music players with the iPod. Now he may take aim at the mobile phone business.
Jobs may introduce an iPod phone when he gives the keynote speech today at the annual Macworld Expo conference in San Francisco, said analysts. He may show a device that relays digital videos from computers to television screens. Apple has expanded the iPod music player, released in 2001, into a product that plays TV shows and movies.
Analysts and investors say he can win consumers over again with a gadget they’ve dubbed the iPhone to capture a share of the $127-billion cellphone market. “It makes sense for them to go into the market,” said Romeo Dator, a fund manager at US Global Investors in San Antonio, which has $4.6 billion under management including Apple shares.
“The market wants more things on one device and if music moves to the cell phone, then they’re basically shut out.” Jobs’s presentation will mark his first public appearance since Apple’s board cleared him last month of wrongdoing over a stock-options scandal.
While Jobs didn’t benefit financially from any backdating of stock options, Apple said on December 29 that he knew of some grants and recommended some awards be backdated on grants other than this own. Federal prosecutors in San Francisco are investigating Apple’s backdating of stock options, a person familiar with the matter said.
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