by Christopher Freeburn | September 21, 2012 12:12 pm
Here are your Apple rumors and AAPL news items for today:
It’s Here: People are lining up outside stores from New York to San Francisco today to buy Apple‘s (NASDAQ:AAPL) new iPhone 5, USA TODAY notes. Media reports indicate that people had camped out for days in front of many Apple Stores waiting for the doors to open this morning. One man was paid $1,500 to hold a place at the front of the line at Apple’s San Francisco store. The next generation iPhone was unveiled by CEO Tim Cook at a media event on September 12. When the company started taking pre-orders two days later, the first batch of iPhone 5’s sold out in an hour. Apple says it sold two-million iPhone 5’s in the first 24 hours of the online launch. The early sales numbers suggest that Apple is on track for the biggest product launch in its history. Analysts have predicted that Apple could sell as many as 10 million iPhone 5’s by the end of September. Apple shares rose about 1% in Friday trading, holding above $700 a share.
Map Ire Answered: Responding to a rising chorus of complaints over the new in-house Map app included in iOS 6, Apple has released a statement saying that “the more people use it, the better it will get,” Fox News notes. Users have pointed out a laundry list of cartographic errors — including entire towns missing — in the map program, as well as glitches with the fly-over and 3-D rendering software. Other complaints note erroneous or widely inaccurate search results. In its statement, Apple notes that the new Maps app is a new product that uses cloud-based resources. Company representatives said that Apple was working hard to remedy the complaints and improve the app. Earlier this year, Apple ditched rival Google‘s (NASDAQ:GOOG) long-established map program from the back-end of iOS 6 in favor of its internally developed app. Critics say the new Map app is a major blunder for the usually savvy Apple and tarnishes the iPhone 5’s launch.
German Defeat: Samsung has won another court victory in its worldwide patent battle with Apple, Bloomberg reports. A German court has ruled that the South Korean electronics giant’s Galaxy mobile devices do no violate Apple patents. Apple had alleged that the devices infringed on its touch-screen technology, but the court in Mannheim rejected the claims. The court also shot down Apple’s claim that Google’s Motorola had violated the same patents. While Apple won a major jury verdict against Samsung in California, it has lost court cases in Japan and South Korea.
For more about the company, check out our previous Apple Rumors stories.
Source URL: http://investorplace.com/2012/09/friday-apple-rumors-crowds-wait-as-iphone-5-hits-stores/
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