Wednesday, May 18, 2011

Tuesday’s Apple Rumors — Pay Later

Here are your Apple rumors and news items for Tuesday: No NFC: A story at
Business Insider says consumers wont be tapping the next iPhone against panels
at check-out counters for a quick and easy transaction. While numerous outlets
have suggested that what is called near field communication technology, which
would allow instant payments at retail stores, would be a key feature in the
next iPhone, research group Bernstein now says Apple (NASDAQ: AAPL ) wont
include the chip. New rumors suggest that Apple will first release a
transitional iPhone, which will bring the handheld to Sprint (NYSE: S ) and
T-Mobiles networks in the U.S. If that phone foregoes the technology, it wouldnt
be surprising to see it in the next fully upgraded iPhone in 2012.. Apple Store
Turns 10: The Boy Genius Report said Monday that Apple is gearing up for a
surprise event to celebrate the 10th anniversary of the companys retail chain.
Its unclear whether this big event would be a massive sale of all Apple products
at the retail chain or even the announcement of a brand new Apple product,
possibly the iCloud music service. Both Apple Insider and Mac Stories have
published reports in recent weeks suggesting that Apple Store employees have
been told to prioritize working this upcoming weekend. Whatever shape the event
takes, Apple should see a nice sales spike in the middle of the sales quarter.
Get Less Crappy: Nikes (NYSE: NKE ) CEO Mark Parker called Apple CEO Steve Jobs
shortly after taking his position with the athletic gear empire, looking for
advice. As related by a recent Forbes story, Jobs advice to Parker on how to run
Nike was simple: Just get rid of the crappy stuff. The Apple boss take on Nike
was that it made something that consumers wanted, but it also made a lot of
garbage, and the company would be far better off just making the quality
products. He was absolutely right. We had to edit, said Parker. Seeing as Nikes
stock has grown more than 100% since Parker was named CEO in 2006, it would seem
that the advice was sound. 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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