DOT-DOT-DOT-COM: NEW iPHONE COMING IN SEPTEMBER

Apple plans to introduce a new iPhone in September, Bloomberg reported, citing two people familiar with the matter. Codenamed “Telluride” the new piece of hardware looks very much like the iPhone 4, but it’ll be powered by the more powerful A5 processor, the chip in the iPad 2. It’ll also boast an 8-megapixel camera, up from the current 5, as well as already-announced features such as improved messaging and photo-sharing. The phone will run the new iOS 5 operating system, which will make its debut in September, which apparently accounts for the timing of the release of the new iPhone model. This year, Apple is projected to account for 18.2% of the global smartphone market, compared with 38.9% for Android phones, according to IDC. The release of a new iPhone could help Apple cut into Android’s marketshare, analyst Charlie Wolf speculated in a report this week. He said Android customers are waiting for the next-generation iPhone, especially those on the Verizon Wireless network… Cameron and Tyler Winklevoss have decided not to appeal their Facebook case to the Supreme Court, the Wall Street Journal reported. In a filing in U.S. Court of Appeals for the Ninth Circuit in San Francisco, the Winklevii, along with business partner Divya Narendra, said that after "careful consideration," they wouldn't file a petition to take the case to the high court. Said a Facebook spokesman, "We've considered this case closed for a long time, and we're pleased to see the other party now agrees." In April, the appeals court ruled that the twins and their company ConnectU had to live with the 2008 settlement in which Facebook gave them $20 million plus $45 million worth of private stock. At the time, Facebook was valued at $15 billion, but valuations of the company have since climbed as high as $70 billion…Grooveshark has announced a deal with Indaba Music to create Breakthrough Radio, a showcase of up-and-coming artists, noted Digital Music News. The company has also hooked up with Rocket Science to promote emerging acts on their app, starting with Austin-based band Quiet Company. According to DMN, Grooveshark has even been promoting newly signed acts on UMG—even as Universal continues its litigation against the tech outfit… DIY Media announced Wednesday that SoundCloud will integrate its cloud-based solution for social commerce, enabling acts using SoundCloud to sell their tracks directly through their social networks and websites, using DIY Media’s social commerce storefronts. Got that? Said SoundCloud CEO Alexander Ljung: “DIY Media has demonstrated how it’s possible to create great new products and opportunities when integrating with SoundCloud’s API. We’re really happy to see this beneficial commerce platform become available to our users.”