Rumors Abound On New iPhone; Motorola Mobility Struggles To Find Its Way (AAPL, MMI, VZ, GOOG, DELL, RIMM, NOK, HPQ)
Shares of iPhone maker Apple (AAPL) are up 1% today as a flurry of rumors swirl regarding the fifth generation iPhone, with the China Times reporting the newest version of the wildly popular smartphone could be released in the second week of September with an initial order of 4 million units. On a glum note for iPad fans, that same news report notes the next generation iPad may not roll out until Thanksgiving due to component shortages.
Investors appear more focused on the iPhone news as the Personal Computer and Smartphone Stocks Index is trading higher by 0.8%. There are conflicting rumors regarding what the new iPhone will look like with some recently leaked case designs showing major changes to the smartphone while some sources say the new iPhone will look a lot like the iPhone 4, according to Mac Rumors.
9to5mac.com reports the new iPhone could be completely redesigned and feature a curved aluminum back. On the other hand, Bloomberg and Reuters have reported the new iPhone’s design will not be noticeably different from the previous generation.
Shares of Motorola Mobility (MMI) are trading fractionally higher despite a report in the Wall Street Journal highlighting the company’s struggles to compete against Apple and Asian mobile phone makers. Shares of Motorola Mobility have plunged 26% since the January split of the former Motorola into two companies. The company has benefited from a partnership with Verizon Communications (VZ) and Google (GOOG), but Motorola Mobility is still lagging behind Apple.
Investors can track the Personal Computer and Smartphone Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
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