JPMorgan now not so sure about an iPhone Nano
So that report on Monday from JPMorgan Chase, the one about the supposed iPhone Nano? The financial gurus have decided to rethink that one.
The Unofficial Apple Weblog spotted a new research note from JPMorgan analysts (thanks Gizmodo) that takes a very skeptical look at claims made Monday by their colleague, JPMorgan analyst Kevin Chang in Taiwan. Chang said in his report that Apple was hoping to launch a smaller, cheaper iPhone based on the iPod Nano design later this year. But JPMorgan's Bill Shope, Elizabeth Borbolla, and Vlad Rom threw Chang under the iBus in their own report Tuesday.
JPMorgan analysts in New York and Taiwan might not exchange Christmas cards this year.
(Credit: JPMorgan Chase)"We caution that the potential for a low-end, subsidized phone from Apple seems unlikely in the near term," the New York analysts wrote. Chang wrote that Apple could sell an iPhone Nano for around $300, and widespread reports of that price target sent Apple's stock up $2.06 on Tuesday on a day when the broader market fell.
In hindsight, I wish I'd been more critical of Chang's report, although I was skeptical that Apple would release a crippled version of the iPhone just as people are getting used to the new interface. The latest JPMorgan report notes that "it took Apple over two years to launch its first low-end iPod (the iPod Mini)." The New York analysts think a 3G version of the iPhone is more likely for the second iteration.
We've already learned once this year how iPhone rumors and speculation can affect Apple's stock. JPMorgan said it released the new report at around 6:30 a.m. PDT, when the stock market opens for business in New York. But plenty of news outlets throughout the day Tuesday were still getting around to running the story from Monday based on Chang's report, and probably didn't see the new JPMorgan research note. TUAW didn't post its story until after the market closed at 1 p.m. PDT.
Tom Krazit writes about the ever-expanding world of Internet search, including Google, Yahoo, online advertising, and portals, as well as the evolution of mobile computing. He has written about traditional PC companies, chip manufacturers, and mobile computers, spending the last three years covering Apple. E-mail Tom.
" Hello, Mr. Chang? "
" Yes. "
" There's a Mr. Jobs on line one for you..."
You've been Steve'd.
As for iPhone nano, isnt it too early to predict anything on iPhone ? If you look at Apple, they always take some time in rolling their product. Look how much time it took for all these flavors of iPod to come to market. Can iPhone be classified as a success yet ? In my opinion, it is too soon and coming up with another ver
development. I don't understand how anyone can put stock in
what they say (regarding what a company
is planning to produce), unless those same analysts
are informed by the companies.
Doesn't anyone else find it
wierd that JPMorgan was taken seriously in the first place?
pretty sure Steve Jobs didn't call a JPMorgan analyst in Taiwan, and
say ... "Hey, guess what we are going to do!"
- dyamxion principle
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by PaulLevi
July 11, 2007 10:07 AM PDT
- Doesn't really matter is a smaller iPhone happens sooner or later - it will happen, and will also be more powerful than the bigger models - as per Buckinster Fuller's "dymaxion" principle" ... http://paullevinson.blogspot.com/2007/07/nano-iphone-and-dymaxion-principle.html
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