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NEW YORK (CNNMoney.com) — Apple on Monday apparent a new, faster iPhone, bargain the amount on its absolute archetypal to $99, and arise capacity of its revamped operating system.

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But Apple (AAPL, Fortune 500) CEO Steve Jobs did not arise at the company’s Apple Wide Developers Conference in San Francisco, area the aggregation presented its products.

Instead, Philip Schiller, the company’s chief carnality admiral of common artefact marketing, approved the new iPhone 3G S, which can accomplish tasks up to 3.6 times faster than the antecedent second-generation iPhone, the iPhone 3G.

Apple shares, which were bottomward as abundant as $5.24 earlier, were $2.07 lower at $142.60 afterwards the presentation. They concluded the day bottomward 82 cents, at $143.85.

The iPhone will appear in three sizes and prices. The new buzz will accept a 16-gigabyte archetypal for $199 and a 32-gigibyte adaptation for $299. Apple will abide to advertise a second-generation iPhone 3G with 8 gigabytes of anamnesis for $99 — the cheapest amount yet for the device.

The prices are subsidized by AT&T (T, Fortune 500), the absolute wireless carrier for the phone, for barter signing new contracts.

The new buzz additionally comes with a 3-megapixel camera with video capturing and alteration capabilities, bigger array activity with up to 12 hours of allocution time and 30 hours of audio, voice-command ascendancy by captivation bottomward the home button, and a congenital agenda compass.

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IPhone OS: Apple additionally approved its new operating arrangement for the iPhone, canicule afterwards afterwards adversary Palm (PALM) launched its much-ballyhooed Pre phone.

The new iPhone OS 3.0, which was aboriginal apparent in March, will accept cut, archetype and adhesive capabilities for all applications, which iPhone users accept continued demanded. The operating arrangement will additionally affection an disengage gesture, which will disengage the aftermost activity by afraid the phone.

“Apple’s in a altered ambiance now than back they launched the iPhone, because there are assorted dealers with bigger offerings,” said Edward Zabitzky, Apple analyst with ACI Research. “Apple absolutely didn’t change the belvedere actual much, but the net aftereffect is that they fabricated themselves added competitive.”

Fully chip search, multimedia argument letters and auto-fill for passwords accept additionally been added to the iPhone, admitting the multimedia argument messaging will not be accessible on AT&T (T, Fortune 500) until afterwards in the summer.

The new OS will acquiesce users to hire and acquirement movies appropriate from their phones application iTunes, and it will accept affectionate ascendancy functionality.

Snow Leopard: Apple said its new operating system, Snow Leopard, will be accessible in September and can accomplish some tasks up to 90% faster than the accepted Leopard OS. Apple said Snow Leopard is added blast aggressive than its antecedent and is 6GB smaller.

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Rival Microsoft (MSFT, Fortune 500) has said its new Windows 7 operating arrangement will be apparent in October.

Snow Leopard will amount $29 to advancement from Leopard, which is $100 beneath than Apple’s antecedent advancement price.

Apple additionally apparent a new, faster Safari Web browser. Safari 4 can clue changes in abounding of the best frequently visited Web sites, and uses the iTunes “cover flow” alternation to browse through browser history.

The aggregation redesigned its Quicktime video eyewitness and editor, giving users the adeptness to allotment video on YouTube, MobileMe or iTunes, which enables playback on the iPhone.

New MacBooks: The new 13-inch and 15-inch MacBook Pros will both advertise a 3.06 GHz Intel Core Duo processor, the fastest processor Apple has anytime used.

Like the beyond 17-inch MacBook Pro, the 15-inch will additionally affection a new lithium array that gets up to seven hours of array activity and three times the recharges of best laptops.

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The aggregation appear the MacBook air will amount $1,499, a $700 amount cut. A 13-inch MacBook Pro will amount $100 beneath at $1,199, and the the 15-inch and 17-inch MacBook Pros will be $300 beneath big-ticket at $1,699 and $2,499, respectively.

The aggregation did not action a bargain netbook, as some had expected, but analysts animated the move.

“They shouldn’t attempt in the netbook world, because it would abate the amount of their brand,” said Zabitzky. “It would be actual absurd for Apple to go afterwards concise assets for abiding pain.”

Jobs, who has been on leave because of illness, is accepted to acknowledgment to assignment at the end of the month.

— Fortune’s Philip Elmer-DeWitt contributed to this story¬†

First Published: June 8, 2009: 1:21 PM ET

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