Google chief executive and Apple board member Eric Schmidt disclosed during a speech on Wednesday that his unique situation atop the leaderships of both high tech firms has periodically required that he step away from portions of the iPhone maker's board meetings.
Documentation included with copies of Mac OS X 10.6 Snow Leopard distributed during Apple's developer conference this week confirm that the next-generation operating system does not presently support Macs with PowerPC processors.
If a survey of developers attending Apple's Worldwide Developers Conference this week is of any indication, the average cost of a third-party iPhone application will fall well below $3.00, with the vast majority being made available at no cost at all.
The market potential for proprietary mobile processor designs from chip makers like Samsung Electronics and Intel Corp. were dealt a considerable blow earlier this week when Apple chief executive Steve Jobs revealed that his company will start designing its own breed of chips to power the next-generation of Multi-Touch devices that won't be available to rivals.
Investment bank Piper Jaffray is urging investors who typically focus only on Apple's hardware announcements to also pay attention to the company's iPhone software strategy, particularly its upcoming App Store, which could balloon into a $1 billion market by next year.
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Aidan Malley and Kasper Jade
AppleInsider Staff
Sam Oliver
Kasper Jade
Katie Marsal
