by Christopher Freeburn | August 19, 2013 11:56 am
Here are your Apple rumors and AAPL news items for today:
Successor: The cheaper iPhone widely expected to be unveiled next month by Apple (AAPL) could ship as many as 8.4 million units by the end of the current quarter, AppleInsider notes. That estimate comes from KGI Securities analyst Ming-Chi Kuo, who says Apple will price the iPhone 5C in a range between $400 and $500. The iPhone 5C’s launch will spell the end for the iPhone 5, which will be discontinued. Kuo thinks it likely that the iPhone 4 will also be dropped. The iPhone 4S will remain in production at least until the end of the year. Rumors surfaced earlier in the summer suggesting that Apple would cease production of the iPhone 5 after the launch of the iPhone 5C and flagship iPhone 5S next month. Recent reports indicate that the iPhone 5S will come in gold as well as black and white and could feature internal storage up to 128GB. However, Kuo says that supply constraints due to production problems with the new flagship iPhone will limit its initial shipments to 5.2 million units in the current quarter.
Stumble: Jobs, the biopic about Apple’s late CEO and co-founder Steve Jobs didn’t wow audiences over the weekend, Deadline Hollywood notes. The $12 million film starring Ashton Kutcher in the title role, grossed just $6.7 million at the box office and finished seventh among all movies playing nationwide. Large numbers of Apple fans apparently avoided the film, possibly due to a less-than-enthusiastic review from Apple’s other co-founder Steve Wozniak. At Rotten Tomatoes, only 24% of reviewers rated Jobs, which opened in 2,381 theaters, positively.
Card Trouble: Apple is preparing to free offer replacements for the graphics cards in some iMac models sold between May 2011 and October 2012, 9to5Mac notes. In a notice sent to support technicians, Apple says that the some AMD (AMD) Radeon HD 6790M video cards are vulnerable to failure. The affected cards are found in 27-inch iMacs running Intel‘s (INTC) 3.1 GHz quad-core i5 processors or 3.4 GHz quad-core i7 processors. iMacs whose serial numbers end with DHJQ, DHJW, DL8Q, DNGH, DNJ9, DMW8, DPM1, DPM2, DPNV, DNY0, DRVP, DY6F or F610 qualify to have their graphics cards replaced for free under the program. Owners who have previously replaced the cards will have their money refunded.
For more about the company, check out our previous Apple Rumors stories.
Source URL: http://investorplace.com/2013/08/monday-apple-rumors-iphone-5c-to-cost-between-400-and-500/
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