Apple (AAPL) — New OS for iPhones in 2 Weeks?

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Here is your daily AAPL (NASDAQ: AAPL) stock news and rumors report for Nov. 24, 2010.  iOS 4.2 is still cooling in users’ iPhones and iPads today, but iOS 4.3 is rumored to be right around the corner and it could bring a whole new way of doing business on Apple’s handhelds. Next, a Wall Street Journal report shows that the secret to Apple’s gains on Research in Motion’s enterprise business is RIMM employees. Finally, a new International Trade Commission is investigating the sale Motorola phones in the United States because allegations that they impinge on Apple’s multi-touch patents.

iOS 4.3 Coming in December, Features App Subscriptions: While the latest major update for Apple’s mobile devices, iOS 4.2, just hit the public two days ago, rumor is that iOS 4.3 could be coming to iPhones,  iPod Touches and iPads in just two short weeks. It’s unlikely that the update will be as robust as the iOS 4.2 update that introduced a plethora of welcome new features to the iPad including multitasking, folder creation and the ability to wirelessly stream video and music from an Apple handheld to a television through AirPlay. Nonetheless, iOS 4.3 may prove revolutionary for business on the mobile operating system when (and if) it releases in mid-December. According to a rumor at MacStories citing an anonymous source, the iOS 4.3 update due in December will introduce recurring app subscriptions to the platform, allowing users to set up recurring payments for automatically updated applications. The renewing app that will launch the new App Store business model will be the oft-rumored app newspaper The Daily that is being co-developed by Apple and News Corp. (NYSE: NWS). Rumors earlier this week said that News Corp. and Apple will unveil The Daily and the new recurring subscription app model at a media event Dec. 9, and MacRumors unnamed source says that both should launch with iOS 4.3 on Dec. 13. Investors should pay close attention as subscription-based apps could, if successful, create a steady source of revenue on mobile application storefronts beyond single app and in-app sales.

Research in Motion Enterprise Sales Team Move to Apple: Research in Motion (NASDAQ: RIMM) can’t be happy about the back half of 2010. Even though the BlackBerry Torch is reportedly selling well through carriers like AT&T (NYSE: T), the one-time leader of the smartphone market has watched its market share evaporate as phones powered by Google’s (NASDAQ: GOOG) Android sell in greater numbers and Apple further solidifies itself as a major competitor in the broader mobile market. The Worldwide Quarterly Mobile Phone Tracker report from International Data Corp. published earlier this fall saw Apple finally overtake Research in Motion, becoming the No. 4  leading mobile phone manufacturer in the world. Apple achieved this goal thanks to significant gains in the enterprise market, the same sector that has been the backbone of RIMM’s business for years. A new report from The Wall Street Journal says that part of Apple’s strategy for poaching RIMM’s business has been poaching its sales staff. Five key members of RIMM’s enterprise sales team have crossed over to Apple in the last 18 months, according to the report. The list includes RIMM’s former Head of Strategic Sales Geoff Prefect, who joined Apple in April 2009, as well as RIMM’s three Global Strategic Account Managers  — Paul Alvarez, Steve Marshall and Peter Decker — who made the jump this year. Fomer RIMM Senior Global Sales Manager Joe Bartlett is also now an Apple employee. These individuals have been instrumental in increasing enterprise adoption of not just Apple’s iPhone as a BlackBerry alternative, but also the iPad.

ITC Investigates Motorola’s Smartphone Technology: Bloomberg is reporting that the U.S. International Trade Commission is starting an investigation of Motorola’s (NYSE: MOT) smartphone technology. The investigation comes after Apple filed suit against Motorola in October for allegedly impinging on a number of Apple’s multi-touch touch-screen related patents. That suit was filed in response to Motorola’s attempt to have 11 of Apple’s iPhone related patents nullified earlier this year. If the ITC finds that Motorola has indeed impinged on Apple’s multi-touch patents, Motorola could be blocked from importing and selling its popular smartphones, including the Droid line, in the United States.

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/2010/11/apple-aapl-new-os-for-iphones-in-2-weeks/.

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