Apple's iPhlop: Company stock plunges more than 5%

NEW YORK (CNNMoney) -- Apple may have created two new iPhones, but the latest models weren't enough to impress investors and analysts.Shares of Apple tumbled more than 5% Wednesday.

Apple unveils new iPhone 5S & $99 iPhone 5C

NEW YORK (CNNMoney) -- The lighting-fast iPhone 5S is here -- and so is its lower-cost, colorful, plastic cousin called the iPhone 5C.Apple CEO Tim Cook unveiled the two new iPhones on Tuesday at an event at the company's Cupertino, Calif., headquarters.The new flagship iPhone 5S is similar in appearance to last year's iPhone 5, but it's twice as fast thanks to Apple's new A7 chip.

It's official: Apple will hold Sept. 10 event

NEW YORK (CNNMoney) -- It's official: Apple sent invitations for a much-buzzed about event in Cupertino on Sept. 10.Hype has been building for weeks that the company would unveil new products the second week of September, but Apple made it official Tuesday.The company has all but confirmed it will be launching a new iPhone, and the invitation does nothing to quell the rumors.

Reports: Apple will offer trade-ins for new iPhone

(CNN) -- For the first time Apple stores will soon let iPhone owners trade in their old phones for credit toward a new one, according to multiple reports.According to Apple-centric blog MacRumors, several sources say Apple store employees are currently being trained on the new program, which could go into effect around Apple's September 10 event, when new iPhones are expected to be introduced.

What the Steve Jobs movie got right, and wrong

(CNN) -- After months of speculation and hype, the first biopic about Apple co-founder Steve Jobs hits theaters Friday."Jobs," directed by Joshua Michael Stern and starring Ashton Kutcher as the iconic tech guru, spans much of Jobs' early career, from his hippie days at Reed College in 1974 to the launch of the original iPod in 2001.And guess what?

Report: Apple will reveal latest version of iPhone September 10

(CNN) -- Apple will unveil the latest version of its iPhone on September 10, according to a new report.The news comes from All Things D, the Wall Street Journal-affiliated tech blog that has a solid track record for reporting inside Apple information.Apple is believed to be working on a smartwatch and a TV, but neither of those products are expected to be ready for rollout at next month's event.Likely to be called either the iPhone 6 or iPhone 5S, the phone's release date would fit the schedule Apple has established since the first iPhone was released in 2007.The company has released a new iPhone model every year, and the release dates have all been in the summer or fall.

Can you be electrocuted by your smartphone?

(CNN) -- Could your smartphone really give you a lethal electric shock?That question was on the minds of many Monday amid news that Apple is investigating the death of a woman in China whose family said she was electrocuted after answering a call on her iPhone while the device was recharging.The death of Ma Ailun, 23, was first reported Sunday by China's Xinhua News Agency.

Apple to probe smartphone charging death mystery

HONG KONG (CNN) -- U.S. electronics giant Apple is investigating reports in China that a woman died after being electrocuted while trying to make a call with her iPhone 5 while it was charging.Ma Ailun, a flight attendant with China Southern Airlines, was picking up her handset to answer a call last Thursday when she received an electric shock, police said Sunday, in reports carried by the state-run Xinhua news agency.Police, who are continuing their investigation, have not yet identified a cause -- whether the phone or anything else.In a statement received by CNN, Apple said: "We are deeply saddened to learn of this tragic incident and offer our condolences to the Ma family.

Apple found to have conspired to raise e-book prices

NEW YORK (CNNMoney) -- A federal judge ruled Wednesday that Apple conspired to raise the prices of e-books.The e-book publishers at issue -- CBS's Simon & Schuster, Hachette Book Group, Pearson's Penguin Group, Macmillan and News Corp.'s HarperCollins -- settled and didn't go to trial.

Apple tests motion detection features for iPhone

(CNN) -- Apple appears to be testing out motion control features that will let people control their iPhones by moving their heads.The feature, first reported by 9to5 Mac, was discovered in the developer version of Apple's latest mobile operating system, iOS 7, and is not yet publicly available.

Google buys social mapping service Waze

NEW YORK (CNNMoney) -- Google announced Tuesday that it has acquired Waze, a highly sought-after social mapping service.Rumors have persisted for months that Waze was going to be bought by a major tech company.

Apple refreshes Macs and iOS, unveils iTunes Radio

SAN FRANCISCO (CNN) -- Calling it "the biggest change to iOS since the introduction of the iPhone," Apple CEO Tim Cook on Monday unveiled an operating system for iPhones and iPads that will radically overhaul how users' touchscreens look.The new system, iOS 7, was part of a two-hour presentation that included refreshed MacBook Airs, the announcement of an iTunes Radio streaming-music service and a sneak peek at a new Mac Pro that will be the most powerful computer Apple has ever made.The keynote marked Apple's first major product event in nine months.

Report: Samsung passes Apple in U.S. smartphone market

NEW YORK (CNNMoney) -- Samsung has passed Apple in the U.S. smartphone market, according to an analyst report.In a survey of U.S. wireless carrier retail stores conducted by Wall Street research firm Canaccord Genuity, Samsung smartphones outsold Apple iPhones and every other brand of smart devices in May.Samsung's strength was buoyed by the new Galaxy S4 flagship phone, which began outselling the iPhone 5 last month at every carrier except AT&T, where the iPhone 5 still ranks No. 1.

Apple's App Store hits 50 billion downloads

(CNN) -- At 3:54 pm Milwaukee time on Wednesday, someone downloaded the 50 billionth app from Apple's online App Store.Apple will give the lucky downloader a $10,000 iTunes gift card.

How music has changed ten years after launch of iTunes store

(CNN) -- On April 28, 2003, Apple threw open the virtual doors to its iTunes Store, and music -- all digital media, really -- hasn't been the same since.Suddenly, an industry terrified of online piracy had a legitimate place to earn money from the sale of digital music.

Apple hints at 'exciting new product categories'

(CNN) -- Gadget fans eagerly awaiting the next wave of Apple products just got some good news, and some bad news.First, the bad: Based on CEO Tim Cook's comments Tuesday on the company's quarterly earnings call, Apple appears unlikely to announce a major new product until this fall at the earliest.