Wednedsay Apple Rumors: iPhone 5 Slims Down

by Christopher Freeburn | August 8, 2012 2:09 pm

[1]Here are your Apple rumors[2] and AAPL news items for today:

New iPhone Sheds Millimeters: Reports from Asian sources say Apple‘s (NASDAQ:AAPL[3]) next-generation iPhone will be 18% thinner than the current 4S model[4], according to AppleInsider. Changes to the iPhone include a longer, four-inch touch screen, relocation of the headphone jack to the bottom of the phone, a smaller dock connector and a Micro-SIM tray that takes up 40% less space. Despite the trimmed profile, the new iPhone will still be slightly thicker than the first iPhone released in 2007. The new iPhone is widely expected to debut at an event in early September.

Cost Could Hurt iTV: A Piper Jaffrey (NYSE:PJC[5]) analyst surveyed potential consumers and found that 49% were interested in buying an Apple-branded TV set[6], CNET notes. However, only 12% of those interested in buying such a product were willing to spend a projected $1,500 on the device. The analyst notes that U.S. consumers have become used to paying less and less each year for larger and larger TVs. Apple products are typically priced higher than those of competitors, making the pricing on an Apple-branded TV a “hurdle” the company will have to overcome. Most analysts predict that Apple will unveil a TV sometime next year.

iCloud Security Tightened: Apple is changing the controls relating to password recovery for iCloud accounts in order to prevent unauthorized access[7], Slashgear says. The move comes after hackers used customer support to change the passwords for technology journalist Matt Honan’s iCloud account last weekend and then erased his iPad, iPhone and MacBook Air. Over-the-phone password resetting has been stopped temporarily and will not resume until a stronger identity verification system is in place. The hackers who accessed Honan’s iCloud account were helped by Amazon’s (NASDAQ:AMZN[8]) customer-service representatives, who were tricked into revealing the last four digits of his credit card. Providing that information and other personal data about Honan to AppleCare phone representatives, the hackers reset his iCloud passwords. Amazon has also changed its customer-service policies to avoid a repeat of the incident.

For more about the company, check out our previous Apple Rumors[9] stories.

Source URL: https://investorplace.com/2012/08/wednedsay-apple-rumors-iphone-5-slims-down/

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