Monday Apple Rumors — 4 Million iPhones in 3 Days

Ample supply has kept iPhone 4S selling at an astounding clip

By Anthony John Agnello, Consumer and Technology Writer

Apple RumorsHere are your daily Apple rumors and news items for Monday:

4 Million iPhones in 3 Days: If you’re an investor nervous about Apple‘s (NASDAQ:AAPL) iPhone 4S proving less popular with consumers than an iPhone 5 would have, breathe easier. Apple has sold many, many smartphones around the world, regardless of the model’s name. The Cupertino, Calif.-based company announced on Monday morning that it had sold 4 million units of the iPhone 4S during the device’s release weekend. Big debuts are nothing new for Apple, of course, but the iPhone 4S’ success trounces past accomplishments. The iPhone 3G and iPhone 3GS models each sold 1 million when they were released in 2008 and 2009, respectively. Apple sold 1.5 million iPhone 4s in 24 hours in 2010. The iPhone 4S is one of the first phones Apple has released in ample supply, though, meaning that it’s reaping the greatest rewards. Shareholders can begin planning fourth-quarter earnings parties for early January.

iPhone 5 Gets a Whole New Look: The iPhone 4S might be a sales success, but that isn’t stopping the rumor mill from churning out possible information about the next model of Apple’s phone. The iPhone 5 was a conspicuous no-show at Apple’s Oct. 4 press conference. The rumor as of Oct. 5 is that the iPhone 5 would release in 2012 and be compatible with the 4G LTE networks used by AT&T (NYSE:T) and Verizon (NYSE:VZ) in the U.S. However, a Saturday report at CNET suggested the iPhone 5 will be different in more ways than what network it works on. Said to be the last project that “Steve Jobs was intimately involved with,” the iPhone 5 will be slimmer than existing models and have a larger screen, though the overall device will be the same size as existing models. (The screen essentially will stretch to the edges of the device rather than end at a bezel.) The report goes on to say that the iPhone 5 should appear sometime around summer 2012.

Apple Liquidating Original iPad Models: Apple is doing some light housecleaning at its online store. A Monday report at 9 to 5 Mac said that Apple has marked three models of the original iPad — the 64GB WiFi model and the 32GB/64GB WiFi+3G models — down to between $399 and $499. Apple will have to continue lowering the price on its popular tablet in the future. Even at those prices, the 18-month-old iPad 1 model still is double the price of Amazon‘s (NASDAQ:AMZN) new Kindle Fire tablet due out in November.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.

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