Tuesday’s Apple Rumors – New iPhone in August?

by Anthony John Agnello | May 31, 2011 10:31 am

Here is your daily Apple Inc. (NASDAQ: AAPL[1]) stock news and rumors for Tuesday, including iPhone launch speculation. Also, Apple CEO Steve Jobs appears to be planning a public appearance soon in a return to the spotlight.

New iPhone in August: It looks like a new iPhone is due from Apple Inc. in late 2011. Prior to the release of the Verizon (NYSE: VZ[2]) iPhone in February, it was rumored that Apple would release another new iPhone with more advanced features in the fall of 2011. B but these Apple rumors were rebuffed following the company’s first quarter earnings report in May. Japanese website Macotakara (via Apple Insider[3]) reported on Monday that not only is a new iPhone coming before the holiday season, it will be coming in August, a full month sooner than expected. The new iPhone’s most significant feature will be its lack of a SIM card, the circuit that identifies phones with their respective telecom networks. The new iPhone will instead have four internal antennas making the single model compatible with AT&T (NYSE: T[4]), Sprint (NYSE: S[5]), and Verizon’s networks.

Jobs at WWDC: CEO Steve Jobs will end his six month long hiatus from public appearances when he speaks at Apple’s Worldwide Developer Conference on June 6 in San Francisco. The company released a statement on Tuesday morning confirming that Jobs would attend the event to formerly introduce the new Mac operating system update, OS X 10.7 Lion, as well as the new upgrade of the iPhone and iPad operating system, iOS 5. Jobs will also debut the long-discussed iCloud service, the cloud-based evolution of the iTunes store that lets consumers store music and other media on Apple’s servers rather than their own computers. Apple shares dropped more than 5% in January when Steve Jobs announced that he was taking a leave of absence from the company’s daily operations due to health problems. The stock is up 2% following the announcement of his return.

Intel Ultrabook Takes on iPad and MacBook Air: Chipmaker Intel (NASDAQ: INTC[6]) debuted technology that will run a new type of PC at the Computex conference in Taipei on Monday. The company’s Ivy Bridge processors will power a new class of PC named “Ultrabooks,” devices with high battery life, a sub-$1000 price tag, and that are even thinner and lighter than Apple’s own MacBook Air laptops. Apple recently decided to begin using processors developed by ARM Holdings (NASDAQ: ARMH[7]) rather than Intel’s technology.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello[8] and become a fan of InvestorPlace on Facebook.[9]

 

Source URL: https://investorplace.com/2011/05/apple-inc-rumors-nasdaq-aapl-iphone-steve-jobs/

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