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Iphone Software Update; Aug. 7 Apple Event

Two modest -- and for some, slightly disappointing -- Apple (AAPL) developments this morning: the first iPhone software update and an iPhone-free Apple event scheduled for next Tuesday.

Apple Iphone Software Version 1.01, posted last night and downloadable only by people who own iPhones, contained none of the cool new widgets and other goodies they'd been hoping for -- such as iChat, the ability to cut and paste text, etc. Instead, it consisted entirely of bug fixes and security patches. According to Ars Technica's Infinite Loop, the update also wrecked havoc with some of the ring-tones and other hacks that have been floating around, forcing some owners of modified iPhones to do a complete software restore. Gizmodo 's readers have posted detailed accounts of the effects, including one report that all previously read e-mails ended up marked "new,".

In other news, AppleInsider and Engadget report that analysts and media invited to the Apple Iphone event scheduled for the morning of Aug. 7 on the Cupertino campus have been told that there will be no iPhone or iPod announcements made. That suggests that whoever runs it (Steve Jobs' presence was not guarenteed) will be using the occasion to introduce the new, slimmer iMacs that the rumor sites have been predicting for weeks now (see here and here) and, perhaps, the long-awaited iLife '08 and iWork '08 software suites.

With Apple's revenue increasingly driven by sales of notebook and hand-held devices, the unveiling of a new line of Apple desktop computers doesn't pack the kind of punch it once did.

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