Apple Playing Nice with Adobe and Photoshop

Here is your daily Apple Inc. (NASDAQ: AAPL ) stock news and rumors for November 8, 2010. Adobe (NASDAQ: ADBE ) has unveiled early versions of new Photoshop tools built specifically for Apple’s mobile devices like the iPad and iPhone 4. Speaking of Apple’s popular smartphone, users of last year’s iPhone 3G model will be getting a nice upgrade when the iOS 4.2 update releases later this week. Finally, Sprint (NYSE: S ) is set to market a mobile hotspot device for the iPod Touch line starting next week. Adobe Demos New Photoshop Tools for iPad: After asking users for feedback on what kind of Photoshop functionality they would like to see leveraging tablet computers like the iPad, Adobe has unveiled a selection of demos at their Adobe MAX conference. Chief technology officer Kevin Lynch unveiled a new tool for mixing paint colors on the iPad at the conference. It was also suggested that the tool could be used on either an iPad or and iPhone acting as an extension for Photoshop running on a desk or laptop computer. While they were not demoed at the event, an iPhone-based Photoshop tutorial was discussed as well as an iPad app that would function as a Photoshop companion, laying out an accessible menu of commonly used tools. Another tool for color filling images was demoed on a Samsung Galaxy tablet PC. iOS 4.2 Brings Improvements to iPhone 3G: Users who felt left out in the cold by iOS 4.1′s shaky functionality on iPhone 3Gs should be pleased to hear that AAPL has addressed problems with the operating system on legacy hardware. According to blog TiPb performance issues with iOS 4.1 have been fixed on the older phone. While still not as fast as an iPhone 4, scrolling and typing on the iPhone 3G screen is smoother when running iOS 4.2, as are pinching and zooming the screen. The improved stability on the device was demonstrated in a video made by a developer using one of the iOS 4.2 gold master discs sent out by AAPL at the end of October. The software update is expected to release to the public this week. Sprint Offers ZTE Peel 3G Mobile Hotspot for iPod Touch Next Week: A leaked internal document posted by Boy Genius Report reveals that Sprint Nextel is going to release a mobile WiFi case for Apple’s iPod Touch on November 14 th . The ZTE Peel 3G will give owners of the new iPod Touch line of media players access to Sprint’s 3G network and can share its WiFi connection with two other devices. The mobile hotspot itself will retail for $79.99 and its attendant data plan will cost $29.99 per month for 1GB of data. The ZTE Peel 3G is also compatible with the second generation iPhone as well as the iPhone 3 and 3G but not the iPhone 4, somewhat limiting Sprint’s potential audience for the device. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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