Tags: 500 | ALLHOT | ALLTOP | AMERICAME | ASIA | ASIAX | BB

Apple Said to Prepare IPhone Redesign for Sept. 12 Debut

Tuesday, 31 Jul 2012 04:33 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Apple Inc. is preparing to introduce the next version of the iPhone on Sept. 12 in what will be a design overhaul of its top-selling product, according to two people with knowledge of the company’s plans.

The people asked not to be named because an official announcement hasn’t been made. The new iPhone will have a larger screen and thinner body, and is expected to work with faster long-term evolution wireless networks being introduced by carriers such as Verizon Wireless and AT&T Inc., according to analysts such as Piper Jaffray Cos.’ Gene Munster.

The design change will be Apple’s first for the best- selling smartphone since 2010, when it unveiled the iPhone 4. Last year’s update, the 4S, had the same look as the prior version. Anticipation for the new model has led to a drop in sales for the current devices, causing Apple to miss analysts’ sales and profit targets for three months that ended in June. The iPhone accounted for 46 percent of the company’s revenue in the quarter.

Apple is battling Samsung Electronics Co. for supremacy in the $219.1 billion smartphone market. While Apple’s strategy has been to release a single smartphone each year, Samsung has become the world’s leading handset maker by putting out several devices a year in a range of sizes and prices.

The planned September debut was reported earlier by iMore, a technology news website. Natalie Harrison, a spokeswoman for Apple, declined to comment.

Higher Prepayments

Signs that Apple is preparing to introduce a new product were evident in its quarterly financial results. The company increased the prepayments it is making for components by $1.15 billion -- a jump that may indicate a new product is going to be introduced, according to a report yesterday from Maynard Um, an analyst at Wells Fargo Securities.

Apple co-founder Steve Jobs had worked closely on the redesigned phone before his death in October, one person familiar with the matter said in May.

Apple, the world’s largest company by market value, rose 2.6 percent to $610.76 at the close in New York, for the biggest gain since May 21. The shares of the Cupertino, California-based company have increased 51 percent this year.


© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Methane on Mars Spikes Frequently, but Source Unknown

Tuesday, 16 Dec 2014 13:54 PM

Methane, a gas that on Earth comes mainly from living organisms, spikes regularly on Mars but scientists have not been a . . .

Humanoid Robot Flies Across Atlantic, in Economy Style

Tuesday, 16 Dec 2014 08:09 AM

A humanoid-looking robot named Athena that scientists hope will one day be useful in aiding at disaster sites, like the  . . .

NASA Builds $349M Tower, Then Promptly Mothballs It

Tuesday, 16 Dec 2014 07:28 AM

A massive $349 million NASA tower completed in June has been "mothballed" in Gulfport, Mississippi, without ever being u . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved