Apple's stock dove on the news it was unveiling the iPhone 4S instead of the iPhone 5. Dan Lyons is disappointed. Dan Frommer expects the phone to be a bestseller regardless:
More than 90% of Americans still don’t own an iPhone. Heck, two-thirds of Americans still don’t own a smartphone. So the iPhone 4 design isn’t “old” to them. (Not any more than the Motorola RAZR that they still use.) It may not be a “must-upgrade” for everyone, but most people don’t buy new phones every year, anyway. Meanwhile, it’s an incredible upgrade for iPhone 3GS and iPhone 3G owners, as well as folks using older Android devices, BlackBerries, or dumbphones.
Engadget toys around with a 4S:
The most impressive part was the demo of Siri, the new assistant that lets you do just about anything you can do on your phone — but with your voice. We tried to psych it out with a bunch of random requests, including the history of Chester, Vermont (a lovely town) and the best Ramen places in San Francisco. Siri never faltered, never missed a beat. It worked as well as Scott's demo up on the stage. There's nothing better to say than that. We even sent ourselves a few text messages, which Siri transcribed to a T.
The Dish 