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Friday Apple Rumors: Steve Jobs Worked on Next iPhone Design Overhaul

It's expected to debut this year with major appearance update


daily apple rumors AAPLHere are your Apple rumors and AAPL news items for Friday.

Steve Jobs Supervised Next-Generation iPhone Overhaul: The next iPhone will depart significantly from the appearance of current models, and was designed in part by late Apple (NASDAQ:AAPL) CEO Steve Jobs, according to Bloomberg. Widely expected to debut later this year, the next iPhone has been widely rumored to feature a larger screen compared to the 3.5-inch screen found on all prior models. Apple began working on the new iPhone even before the iPhone 4S was released last October, with Jobs working closely with designers, Bloomberg says.

Apple Due for Some Institutional Support
Apple Due for Some Institutional Support

Apple-Branded TV Set Could Double Household Spending on Apple Products: A Morgan Stanley analyst predicts that the release of an Apple TV set would boost average American household spending on Apple products to $888 by 2015, Apple Insider reports. That would be twice the $444 households spent, on average, in 2011. The analyst says consumer purchases of iPads will drive U.S. households to spend an average of $635 on Apple products in 2013, Apple Insider says.

Steve Jobs Toyed with iCar Idea: Mickey Drexler, CEO of J. Crew and a member of Apple’s board, told an interviewer that before his death, Steve Jobs had considered the idea of designing an Apple-branded automobile, the iCar, Fast Company reports. Speaking at a Fast Company conference, Drexler called the iCar Jobs’ “dream” and said it could have captured “probably 50% of the market.” Drexler noted that Jobs never actually designed the iCar.

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

Article printed from InvestorPlace Media, http://investorplace.com/2012/05/friday-apple-rumors-steve-jobs-worked-on-next-iphone-design-overhaul/.

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