Here is your daily Apple (NASDAQ: AAPL) stock news and rumors for October 6, 2010. Big iPhone news today, with word that Apple is prepping not one but two brand new models of the popular smartphone for early 2011.
New Smaller, Larger iPhones Due From Apple in Early 2011: Blurring the lines between its three most popular handheld devices, Apple Inc. will be releasing new models of the iPhone in early 2011, one with a smaller screen than the current model and another with a larger screen making them similar to the iPod Nano and iPad respectively. This news comes via Kaufman Bros. analyst Shaw Wu. An investors note published this morning by Wu, claims that Apple’s overseas supply chains indicated the new resized iPhones would be supported in the United States by mobile phone carriers other than AT&T (NYSE: T). The new iPhone Mini or iPhone Nano will have a “candybar” form factor according to Wu, giving it a similar shape to both the original model of iPod Nano as well as early Nokia (NYSE: NOK) cellphone designs. All of AT&T’s competitors, particularly Verizon (NYSE: VZ), Deutsche Telekom subsidiary T-Mobile USA (ETR: DTE), and Sprint (NYSE: S), are likely to support the new iPhones according to Wu.
iPhone 4 Supply Improving as Apple Ups Shipping Estimates to 5 – 7 Days: Demand for the iPhone 4 has stayed high since the smartphone was released at the end of last June, with the device consistently selling out at retailers and with online orders taking up to 2 weeks for delivery. As predicted by analysts in August, though, APPL’s amped up production started to yield results by the end of September. Apple changed the shipping estimates for both the 16GB and the 32GB models of iPhone 4, upping their delivery time to within 5 to 7 business days. The improved supply only affects iPhone 4 orders made through Apple’s U.S. online store. iPhone 4 orders in other countries are still taking upwards of 3 weeks to be fulfilled. Apple is having even more trouble meeting demand in China, where the iPhone 4 launched just last week. Carrier China Unicom has been unable to meet the initial 100,000 pre-orders that had been filled prior the iPhone 4’s launch.
Apple TV Expected to Sell 1 Million Units Per Quarter: JMP Research analyst Alex Gauna said in a Barron‘s report published just this morning that Apple TV shipments are selling out at retailers in the United States as soon as they come in. Guana believes that, at this pace, APPL’s newly redesigned set top box should sell 1 million units per quarter. The Apple TV is already performing above expectations. When it was announced at the beginning of September, market analysts and even Apple’s CEO Steve Jobs believed that the new device would only sell in moderate numbers, acting as a stepping stone for the company’s larger TV business ambitions. The evidence for Guana’s report comes from information checks with 20 official Apple dealers around the United States in addition to anecdotal evidence from consumers,
As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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