Here are your Apple rumors and AAPL news items for Friday.

Steve Jobs ‘Would Have Lost His Mind’ Over Siri Performance: An unnamed former Apple (NASDAQ:APPL) “insider” says Siri, the iPhone 4S’s voice assistant is not living up to expectations and that late CEO Steve Jobs “would have lost his mind” over its poor performance, Fortune reveals. Siri is currently being touted in TV ads featuring high-profile actors including John Malkovich. However, many users have complained that Siri’s performance is sluggish and its capabilities have been overhyped. The former Apple employee said  current Apple staff are “embarrassed” by Siri.

Apple Shares Could Hit $1,000: Gene Munster, an analyst at Piper Jaffray (NYSE:PJC) says Apple shares could rise as high as $1,000 over the next two years, Apple Insider notes. Munster points to the release of the next-generation iPhone, expected later this year, as well as an Apple-branded TV and rising sales in China to drive the stock higher. Munster also predicts that Apple will release a smaller version of the iPad with a screen measuring between 7 inches and 8 inches, diagonally.

Facebook Launches iPhone Camera App: Fresh off its troubled IPO, social media giant Facebook (NASDAQ:FB) has released an app that allows users to capture images for direct uploading to their Facebook accounts, MacRumors notes. Earlier this year, Facebook purchased photo app maker Instagram for $1 billion. The new app, titled Facebook Camera, allows for browsing and commenting on photos posted to Facebook, and is significantly easier to use for uploading photos than the standard Facebook app, MacRumors says.

For more about the company, check out our previous Apple Rumors stories.