Apple's Worldwide Developer's conference kicks off Monday and someone (possibly CEO Steve Jobs) is expected to unveil a new iPhone. No major changes are expected, but Silicon Alley Insider's Dan Frommer lists the most likely new features, starting with a faster processor, more storage capacity, faster Internet speeds, video recording, a better camera, a digital compass, and more iPhone 3.0 software features (which existing iPhone users will be able to download). Other features, such as a front-facing camera for video chat, background app processing, and different colored iPhones, are less likely. However, what Apple announces regarding its …

Apple could introduce a cheaper version of its popular iPhone as soon as Monday, sources tell The Financial Times. The price drop will either be $50 or $100 off the current low-end price of $199, with the lower price being subsidized by AT&T's communication service contract. "It's either a $50 or a $100 cut," Morgan Stanley analyst Kathryn Huberty said. A consumer survey conducted by Morgan Stanley reveals that a $50 price cut would increase demand by 50% and a $100 price cut by 100%. According to Gartner, a research group, Apple sells 11% of the world's …

Following months of uncertainty, Apple CEO Steve Jobs is on track to return from medical leave later this month, The Wall Street Journal reports. The big question now is whether Jobs will make his reappearance at Apple's annual software developers' conference next week in San Francisco, where the company is expected to unveil the next iteration of its iPhone line of smartphones. Jobs, who underwent a successful operation for pancreatic cancer, went on medical leave in January after exhibiting significant weight loss, for which he cited a nutritional problem related to a hormone imbalance. His unexpected departure …

Google's productivity software for businesses isn't supposed to contribute to the search giant's bottom line for at least another couple years, but enterprise president Dave Girouard, speaking at an investor conference on Thursday, said the company's enterprise offerings, which include Googel Apps, is already bringing in a "few hundred million" per year in revenue. "It's profitable and it's growing," Girouard said. "It's only in the context of Google's ... search advertising business that it looks small." Google charges businesses $50 per user for its Google Apps tools, which include Gmail, Calendar, Talk, and Docs and Spreadsheets. Girouard …

Adobe Systems, maker of the popular Flash software that plays Internet videos, has turned its attention to the smartphone market, The Wall Street Journal reports. The software giant is reengineering Flash so that Flash-powered games and videos can run on handsets and PCs without being modified. As part of the push, Adobe has struck alliances with chip designers and phone makers and is also offering millions to developers to write Flash-based programs for mobile devices. "Smart phones are where the game is now," says Kevin Lynch, Adobe's chief technology officer. "Our chips are on the table. We've …

Google has lost another key executive to Facebook; AdWords operations chief Grady Burnett is leaving the search giant to become head of Facebook's growing self-service advertising unit. Silicon Alley Insider's Nicholas Carlson says the move is a smart one for Facebook, which just took $200 million in funding at a $10 billion valuation. "We think Facebook could get to profitability in a hurry if it beefed up its ad sales operations," Carlson writes. "A well-connected Valley source tells us Facebook advertisers are finally beginning to see decent return on their spend. So today's hire is a big …