Monday, March 21, 2011

Monday’s Apple Rumors — T-Mobile, No iPhone For You!

Here are your Apple rumors and news items for Monday: No iPhone for You: AT&T’s (NYSE: T ) acquisition of Deutsche Telekom’s (PINK: DTEGY ) T-Mobile USA for $39 billion in cash and stock excited not only telecom investors, but a large number of T-Mobile subscribers, who were convinced that they would now have access to Apple’s (NASDAQ: AAPL ) line of smartphones. But T-Mobile itself extinguished those expectations when it posted a list of “frequently asked questions” about the merger on its website Sunday. “The acquisition is expected to be completed in approximately 12 months. We do not offer the iPhone.” The implication is that T-Mobile customers will have to wait until the company is a single entity to use an iPhone.  By that time, it’s likely that both T-Mobile and AT&T subscribers will be upgrading to the rumored iPhone 5 that will be compatible with AT&T’s 4G LTE network. Mac App Store Delivers: A recent study from analytics firm Distimo found that after just one month of business, Apple’s Mac App Store is already generating about 50% of the revenue of the iPad App Store. Based on results for the top 300 apps in both stores, Distimo found that that the iPad App Store sees more downloads than its home PC counterpart, but the average price of Mac App Store apps is seven times higher than that of those in the iPad store. The higher price of Mac apps is responsible for the rapid growth of the store. Also telling is that the Mac App Store offers the fewest free apps among all app stores including those operated by Google (NASDAQ: GOOG ) and Research In Motion (NASDAQ: RIMM ). Last Stop, Grand Central: Just weeks after plans for an Apple store in New York’s Grand Central Station were made public, the New York Observer’s Beta Beat blog reported on Monday that those plans have been cancelled. While none of the parties involved in preliminary talks commented on the cancellation, Beta Beat ‘s source indicated that it was the Metro Transit Authority which halted the development of the store. 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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