Here are your Apple rumors and AAPL news items for today:
TV Future Goes Dark: An analyst at Pacific Crest is throwing cold water on speculation that Apple (NASDAQ:AAPL) may unveil its own TV any time soon, ZDNet reports. The analyst says Apple CFO Peter Oppenheimer and SVP Eddy Cue made comments in a meeting signaling that the company is far from entering the TV market with either an Apple-branded set or a set-top box. Rumors have swirled for months that the company has been developing its own TV set, which some analysts said could be launched as early as the end of this year. Recently, word of talks between Apple and various media companies had opened the possibility that the company was planning an expanded version of its existing Apple TV, a set-top media streaming device. According to the Pacific Crest analyst, Apple executives said challenges with regional and international broadcast content were too difficult to navigate at present.
Kodak Ruling Challenged: Apple is appealing a bankruptcy court judge’s ruling that denied its claims to two patents formerly held by Kodak, Bloomberg notes. Apple sued Kodak over 10 of the 1,000 patents Kodak tried to sell in order to raise money to fund its bankruptcy reorganization, claiming ownership of those patents. The bankrupty judged ruled that Apple had failed to enforce its ownership of two of the patents for too long to win its claim and refused to issue a summary judgment on the remaining eight patents.
China Market Dive: Industry research firm IDC says the iPhone’s share of the Chinese smartphone market fell by half in the second quarter, compared to earlier this year, CNET notes. Apple now has just 10% of that country’s smartphone market. Analysts say that while some customers have put off purchases in anticipation of the next-generation iPhone, expected to launch next month, others have opted for smartphones from other manufacturers. The market share decline caused Apple to tumble from the No. 2 smartphone maker in China in the first quarter, to No. 4 in the second. Samsung remains China’s largest smartphone maker, followed by Lenovo (PINK:LNVGY) and ZTE.
For more about the company, check out our previous Apple Rumors stories.