With most talk on this Wednesday centering around a rumored cheaper iPhone and the negative effect it may have on Apple’s (NASDAQ:AAPL) margins, the company’s stock decided to take a dip again, dropping 1.56 percent to $517.10. Here’s a cheat sheet to the biggest stories around the company from the day:
Cheaper iPhone Guessing Game is On
The buzz about Apple’s apparent plans to release a low-cost iPhone for emerging markets later this year is getting stronger, but what features will this device have? According to The Wall Street Journal, instead of a metallic exterior, Apple is likely to use a polycarbonate plastic casing. It may also use parts from older iPhone models instead of expensive and updated components of its latest device. You can read more here. But that wasn’t all the talk about the rumored device on Wednesday, with several analysts offering their opinion as well. According to Piper Jaffray’s Gene Munster, the device could provide Apple’s stock the product catalyst it has lacked thus far heading into 2013. (Read more)
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T-Mobile Gets in on the Party
T-Mobile is ready to get in on the iPhone fun, too, after confirming that it will start officially selling the Apple smartphone in about three to four months. The Deutsche Telekom unit said that despite not being an official Apple partner carrier yet, it had almost 2 million iPhones operating on its network, with more than 100,000 new activations coming every month. The company expects to provide a firmer competition to rivals AT&T (NYSE:T) and Verizon (NYSE:VZ) soon. (Read more)
iPad Leads the Tablet Super Charge
The iPad also got some news space after a report said that with the Apple device leading the way, shipments of tablets are set to outpace global notebook sales this year. According to latest data from NPD DisplaySearch, tablets will reach shipments of 240 million units this year, while only about 207 million notebooks will get shipped. Just six months ago, DisplaySearch had predicted that it would take until 2016 for tablets to surpass notebook shipments, but the market appears to have changed dramatically since then. It would have grown 64 percent year-over-year at the end of 2013, according to these figures. North America, with a 35 percent share of shipments and 85 million total units, will remain the largest market for another year. (Read more)
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