UPDATE Apple today introduced the new iPod shuffle, now the world's smallest digital music player with Apple's pioneering shuffle feature that lets music fans serve up a continuous mix of their favorite songs anywhere they go.

Nearly half the size of the original, the new iPod shuffle is just half a cubic inch in volume, weighs just half an ounce and features a stunning all-new aluminum design and a built-in clip which makes it the most wearable iPod ever.

UPDATE Apple today announced that its entre iMac line now features the new Intel Core 2 Duo processor in every model, delivering up to 50 percent faster performance than the previous iMac.* A new 24-inch iMac with a brilliant 24-inch widescreen display joins the 17- and 20-inch models, and iMac prices now start at just $1,990 (incl GST).

Every new iMac includes a built-in iSight video camera for video conferencing out-of-the-box; Apple's breakthrough Front Row media experience; and iLife '06, the next generation of Apple's award-winning suite of digital lifestyle applications.

Apple today announced that Dr. Eric Schmidt, chief executive officer of Google, was elected to Apple's board of directors at their meeting today. Eric also sits on Google's board of directors and Princeton University's board of trustees.

UPDATE Apple today unveiled the new Mac Pro, a quad Xeon, 64-bit desktop workstation featuring two new Dual-Core Intel Xeon processors running up to 3.0 GHz and a new system architecture that delivers up to twice the performance of the Power Mac G5 Quad*.

Apple today previewed Mac OS X version 10.5 Leopard, the sixth major version of Mac OS X, to its third party developers. Leopard, scheduled to ship in spring 2007, extends Apple's leadership in software innovation with groundbreaking new features, including Time Machine, a revolutionary new way to automatically back up and restore everything on your Mac, and Spaces, an entirely new way to instantly switch between groups of applications required for various tasks.

Apple today previewed Mac OS X Server version 10.5 Leopard, the next major release of Apple's award-winning UNIX server operating system. Leopard Server, scheduled to ship in spring 2007, builds on Apple's legendary ease of use with new Server Assistant and Server Preference features that make it easy for even non-technical users to setup and manage a server with just a few clicks of a mouse.

UPDATE Apple today announced the new Xserve, a quad Xeon, 64-bit server featuring Mac OS X Server Tiger on two Dual-Core Intel Xeon processors running up to 3.0 GHz, resulting in performance that is over five times that of its predecessor.*

Apple today introduced the wireless Mighty Mouse, a new version of its popular multi-button mouse, now with the added freedom that only wireless connectivity can provide.

The new wireless Mighty Mouse offers a reliable, secure connection to Macs and features a new laser tracking engine that is 20 times more sensitive than standard optical mice for better tracking on even more surfaces.

Apple today posted its second highest quarterly revenue and earnings in company's history when it announced financial results for its fiscal 2006 third quarter ended July 1, 2006. The Company posted revenue of $4.37 billion and a net quarterly profit of $472 million, or $.54 per diluted share.

These results compare to revenue of $3.52 billion and a net profit of $320 million, or $.37 per diluted share, in the year-ago quarter. Gross margin was 30.3 percent, up from 29.7 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter's revenue.

Apple have introduced a new configuration of the 17-inch iMac designed specifically for education customers featuring a 1.83 GHz Intel Core Duo processor, a built-in iSight video camera and iLife '06, the next generation of Apple's award-winning suite of digital lifestyle applications.