DISNEY - APPLE UPGRADES IPHONES TO HOLD MORE MOVIES

In an apparent effort to make more room for "rented" movies downloaded from Disney's iTunes online store, Apple has expanded the storage capacity of its iPhone and the iPod Touch. The Touch now provides a maximum of 32 GB on select models; the iPhone will offer as much as 16 GB. Announcement of the product enhancements failed to impress Wall Street, where Apple closed Tuesday's trading down nearly 2 percent. Nevertheless, in early trading today (Wednesday), Apple shares had recovered most of their losses.

06/02/2008