But investors seemed less than enthralled with Apple's announcements Monday, sending shares of Apple down by about 3.5 percent, or $4.30, to $120.19, in Monday trading.

Anticipation of the iPhone, due to go on sale on June 29, has driven Apple's stock price to record highs in recent weeks. It soared to an all-time trading high of $127.61 last week after an analyst report predicted 45 million iPhones would be sold in 2009.

But other than promoting how developers could introduce Web-based programs to the iPhone through Safari, Jobs gave little other new information about the iPhone's features.

Jobs presented many of the same features in Leopard that he had previewed at last year's Apple developers conference, but did reveal a few new ones.

Those included: a new desktop look - blades of green grass instead of a blue background; an advanced method of finding files on your computer or others machines on your computing network; "Stacks," a new way of organizing and managing the folders on your desktop; and the ability to share videos, photos or other documents in an Apple iChat video-conferencing session.

Jobs also put an end to speculation that Leopard would integrate a kind of "virtualization" feature that would allow users to simultaneously run Windows and Mac applications. Instead, Leopard will feature, as previously announced, "Boot Camp," which lets users of Apple's new generation of Intel-based Macs install a copy of Windows on their machines. The feature lets users run either the Windows or Mac platform, but not at the same time.

Analyst Shaw Wu at American Technology Research called Apple's news Monday "underwhelming."

"The announcements were more around user-interface changes rather than something more radical, like running Windows natively instead of through Boot Camp," Wu said. "So I think that was disappointing and investors were hoping for more."

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