Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ Technology / Tech-news/  Apple unveils radio amid iOS software revamp to spur demand
BackBack

Apple unveils radio amid iOS software revamp to spur demand

Apple says iTunes Radio will be supported by advertising for some users

Craig Federighi, vice-president of Software Engineering at Apple Inc., speaks during the World Wide Developers Conference in San Francisco. Photo: Bloomberg (Bloomberg)Premium
Craig Federighi, vice-president of Software Engineering at Apple Inc., speaks during the World Wide Developers Conference in San Francisco. Photo: Bloomberg (Bloomberg)

Chief executive officer Tim Cook unveiled a new version of iOS with a simpler user interface that will scrap features such as simulated paper and faux-wood bookshelves. ITunes Radio, a new web-music feature that will compete with Pandora Media Inc., will be supported by advertising for some users, Apple said.

The revamp of the software behind the devices that generate more than 70% of Apple’s sales is a crucial first step toward luring back consumers choosing competing devices. Apple’s iOS accounted for 18% of global smartphone shipments in the first quarter, while those running Android made up 74%, according to research-firm Gartner Inc.

“IOS 7 is the biggest change to iOS since the introduction of iPhone," Cook said at Apple’s 24th annual developers conference in San Francisco on Monday.

Shares of Apple, based in Cupertino, California, fell less than 1% to $439.45 at 3:08 pm in New York. Apple shares have declined 37% before Monday from a record in September, a month before Apple’s last major product announcement. The period since the debut of the iPad mini is the longest product drought for Apple in at least a decade.

“Apple has been in a funk, and this is an important event to highlight how they are innovating," said Ben Reitzes, an analyst at Barclays Plc in New York.

Software Push

With smartphones sharing many physical traits and technological features, device makers are relying more on software design and services to gain an edge and lure consumers. IPhone sales climbed about 16% in the first quarter, according to to Gartner Inc., lagging the smartphone market, which grew 43%.

Anticipation for the event has been building since Cook shuffled his lieutenants, putting head industrial designer Jonathan Ive in charge of the look and feel of Apple’s software. A longtime confidant of co-founder Steve Jobs and the draftsman behind the iPhone and Mac, Ive has been leading a remake of the iOS mobile software. IOS 7 also redesigns often-used applications such as e-mail, calendar and text messaging.

ITunes Radio, which will be released with IOS 7, will have more than 200 stations and start in the US, with more countries added later, Apple said.

Mac Software

Apple also introduced a new version of its Mac operating system called Mavericks, aimed at delivering tighter integration with iPhones and iPads.

The software lets users’ appointments, password, map directions and other information follow them between devices, Craig Federighi, Apple’s software chief, said at the company’s 24th annual developers conference in San Francisco on Monday.

Mavericks is designed to run on less energy that prior versions, conserving battery life, and also includes features for using multiple screens, Federighi said. Apple also unveiled a new Mac Pro desktop computer, with advanced power and memory features for high-end users.

Apple has traditionally previewed new iOS software at the conference and then released it to the public when a new iPhone is introduced later in the year. As Google, Microsoft Corp. and BlackBerry try to lure engineers to build for their systems, Apple is trying to maintain the loyalty of those who create games and applications.

Software Developers

Cook last month said the company would be giving developers more opportunities to add features that can be integrated in to Apple’s operating systems.

In addition to developers, Apple also needs to add software and services to convince customers, along with wireless carriers that subsidize the iPhone, that the device’s ecosystem is still worth a premium compared with the cost of rival device, according to Barclays’s Reitzes.

After Cook appointed Ive to rethink the mobile operating system, engineers raced to finish the software on time for Monday’s event. Ive, along with Federighi, took over the duties of former mobile-software chief Scott Forstall, a key presenter at past Apple events who left the company as part of Cook’s management shake-up.

While Apple created the market for mobile touch-screen devices, the company hadn’t made any radical changes to the software running those gadgets since Jobs first pulled the iPhone out of his pocket in 2007. Bloomberg

Peter Burrows in San Francisco contributed to this story.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 11 Jun 2013, 12:27 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App