Apple Inc. (AAPL) Rumors – 3 Million CDMA iPhones in December?

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Here is your daily Apple Inc. (NASDAQ: AAPL) stock news and rumors for September 22, 2010.  The CDMA iPhone returns to the headlines today as one analyst predicts a major manufacturing push for the entire iPhone line in December that will be followed by the January release of the long-rumored Verizon iPhone (or perhaps the T-Mobile iPhone.) In other news, more details about the failed partnership between Apple iTunes Ping and Facebook have come to light. Finally, Research in Motion’s iPad competitor is said to be getting its big debut next week.

Suppliers Claim AAPL to Build 3 Million CDMA iPhones in December: Susquehanna Financial Group analyst Jeffrey Fidacaro said in a not to investors today that expects a massive jump in the number of iPhones produced in the fourth quarter of 2010. The jump in production is the result of Apple Inc.’s new facility with Taiwanese AU Optronics (NYSE: AUO) subsidiary Cando. Cando’s ability to pump out touch screens for Apple’s mobile devices should ease the burden on LG Electronics (NYSE: LGL), who had been having trouble keeping up with production. Fidacaro expects Apple to produce between 18.2 and 18.4 million iPhones to serve the world market, 11.6 of which will sell to consumers before the end of the calendar year. Most interesting of all, though, is Fidacaro’s claim that 3 million of those iPhones made this autumn will be the long-rumored CDMA iPhone. After “checks with overseas suppliers,” Fidacaro believes that APPL will start CDMA iPhone production in December with the new version of the popular smartphone going on sale in early January, if not earlier. The analyst doesn’t mention, however, if these phones are being positioned for the international market or North America. Both Verizon (NYSE: VZ) and Deutsche Telekom (PINK: DTEGY) subsidiary T-Mobile USA have been rumored to be supporting a CDMA iPhone either in late 2010 or early 2011. News that Apple could finally be producing a Verizon iPhone in December should come as good news for AAPL stock shareholders, as should Fidacaro’s target price for shares of Apple stock. This latest note from Susquehanna Financial is predicting a $365 target price for Apple shares.

iTunes Social Network Ping Was Almost a Facebook Extension: When the new iTunes social network Ping launched alongside iTunes 10 on September 1, users quickly noticed a tool to integrate their Ping profile with their Facebook profile. That tool was removed from Ping within 24 hours. Apparently Apple had yet to reach an agreement with Facebook over Ping integration but went ahead and launched it anyway. It was a sour moment between the most powerful social network in the world and the most valuable technology company. According to a new report from the Silicon Alley Insider, that marked the end of 18 months of negotiation between the two companies. The report also claims that Ping was originally intended to be built as an extension of Facebook, rather than a brand new social network built by Apple themselves. The talks disintegrated after Facebook set what Apple Inc. CEO Steve Jobs called, “onerous terms that we could not agree to.”

Research in Motion’s iPad Killer to be Unveiled Next Week: After it failer to emerge at any Research in Motion (NASDAQ: RIMM) press conferences at the end of the summer, the company’s mysterious tablet computer, the Blackpad, was starting to look like little more than a myth. The Wall Street Journal says that it’s far from a rumor and Research in Motion’s answer to Apple’s iPad juggernaut will be unveiled during the BlackBerry Developer Conference running next week in San Francisco, California. Many of the details in the Wall Street Journal‘s latest report on the new tablet PC are familiar. The Blackpad will sport a 7-inch screen similar to the one on Samsung’s Galaxy Tab, and it will have two cameras. It will also support Bluetooth communication technology as well as broadband connectivity, but it can only connect to cellular networks by being tethered to a BlackBerry phone. It will also, as indicated by a recent Bloomberg report, be running a brand new operating system made by Research in Motion’s recent acquisition QNX rather than RIM’s own new BlackBerry 6 operating system.

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


Article printed from InvestorPlace Media, https://investorplace.com/2010/09/apple-inc-aapl-rumors-cdma-iphones/.

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