Apple Inc. Rumors – iTV Launch Set for Sept., 7-Inch iPad Confirmed

Here is your daily Apple Inc. (NASDAQ: AAPL) stock news and rumors for August 25, 2010. A report from Bloomberg sheds new light on the Apple TV re-launch, including details on rental pricing. Speaking of new AAPL devices, a Taiwanese paper that rightly predicted the announcement of the original iPad is reconfirming the 7-inch iPad 2 for fall 2010.

Unveiling of iOS-Based Apple TV Relaunch Set for September 7: A report from Bloomberg this week sheds new light on Apple Inc.’s oft-rumored new Apple TV. The re-launch, thought to be named iTV to bring it in line with other iOS operating system-based devices, will be unveiled at an AAPL media event in San Francisco, California on September 7. Sources within AAPL were cited as the source of the news. The new television service and device are said to be a significant change in direction from Apple’s previous failed television initiatives like last year’s rumored television subscription plan through iTunes. The new TV business will also be an offshoot of the iTunes service. Users will be able to purchase 48 hour, 99 cent rentals of television shows from CBS, Disney (NYSE: DIS) property ABC, and News Corp. (NASDAQ: NWS) broadcaster Fox. Apple’s negotiations with News Corp. are said to be in an “advanced” stage. These rentals can be viewed on Apple’s mobile devices, including the rumored new iPod Touch line, as well as the new, $99 iTV set top box. Said to have limited memory, the set top-box will offer cloud-based storage for user information and purchases.

Paper Reconfirms 7-inch iPad 2 for the end of 2010: While not quite as widespread as rumors about the Verizon iPhone, the new iPod Touch, or even the Apple TV re-launch, talk of a new, smaller iPad to be released this fall has been building up over the course of the summer. The latest report comes from Economic Daily News, a Taiwanese financial paper, who was one of the only outlets to correctly predict that Apple would be releasing a tablet computer in 2010 rather than a netbook. EDN’s report reconfirms certain details of the updated iPad, namely that it will have a 7-inch screen rather than the current model’s 9-inch. The new screen will also be an improved LCD screen from Cando Corporation.

New Mac OS X Update Fixes PDF Exploit: APPL released a security update for their OS X Snow Leopard operating system last night. Named “Security Update 2010-0050,” the update patches the way CoreGraphics handles PDF files by addressing “heap buffer overflow.” In layman’s terms, this means PDF files can’t be used as a gateway to exploit OS X in ways unintended by Apple. While APPL hasn’t commented directly on the issue, it’s thought that the security update may be related to the early August iOS 4 update that fixed exploitable PDF issues on the iPhone. Prior to the release of that patch, hackers could use PDF files to jailbreak an iPhone.

As of this writing, Anthony Agnello did not own a position in any of the stocks named here.

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