Apple's stock is currently trading at $91.17, up over 6%.

Updating my previous entry, Apple introduced the iPhone today. According to Bloomberg, Apple’s Steve Jobs explained that “…the iPhone will be a widescreen version of the company's iPod, with a touch screen and Internet connection.”

TMC's Johanne Torres has the whole rundown here.

 

In the greatest tradition of Apple, the phone does look pretty cool. In fact Engadget has posted a running timeline of Jobs’ Keynote complete with screenshots aplenty.

 

Apple also unveiled a sub-$300 video “hub” called Apple TV, which will be available next month.

 

Jobs said Apple TV will offer 720-pixel high-definition video, an Intel processor, and a 40GB hard drive to store up to 50 hours of video.

 

The blogosphere is buzzing.

 

Quoting directly from Slipperybrick,

The Apple TV connects directly to a television to allow viewing streamed iTunes content such as movies, photos, TV shows, and music directly on the TV, from up to 5 different PC or Mac computers at a time. There is also a feature to auto-sync the content of the hard drive to one computer which would allow your content to be easily updated.