Apple has finally unveiled its new iPhone and it's not an all-new iPhone 5, but an upgraded version of the iPhone 4, which despite being a significant improvement resembles a bit of a disappointment to Apple fans. In fact, Apple's share price actually dropped following the iPhone launch event.

iPhone 4S is faster and smarter. It has a better camera, with 8 megapixels, and much better voice recognition. But as Apple CEO Tim Cook admitted, it's an iPhone 4 with more advanced features. 

So, it isn’t the new, iconic, must-have device that a redesigned iPhone 5 would have been.

More at Mashable and read about the 5% drop in Apple's stock after the new iPhone announcement.