Here are your Apple rumors and news items for Wednesday: iPhone 5 Saved for 4G
Networks: Apple (NASDAQ: AAPL ) shares stabilized before the market closed
Tuesday, but the companys failure to announce the iPhone 5 at its press
conference rankled enough investors that the stock dropped by more than 4% in
afternoon trading before rebounding. Forget the fact that the iPhone 4S is a
marked upgrade over 2010s model. The industry and consumers alike expected the
iPhone 5. Theyre still going to get the iPhone 5, though in 2012, according to
Forward Concepts analyst Will Strauss. Speaking with CNET in a Tuesday report,
Struass said Apple is likely holding off on the iPhone 5 brand until it releases
a phone for Verizon (NYSE: VZ ) and AT&T s (NYSE: T ) 4G LTE networks. Apple has
been wary of releasing an LTE-compatible iPhone to date; CEO Tim Cook said
during Apples April earnings conference call that the first generation of LTE
chipsets force a lot of design compromises. There have been hints that Apple is
working on such a phone. China Mobile (NYSE: CHL ) suggested on Sept. 15 that
Apple is preparing an LTE iPhone . China Unicom (NYSE: CHU ), on the other hand,
has hinted that the iPhone 5 will use the HSPA+ standard , the same one used in
T-Mobiles 4G network. Samsung Swings at iPhone 4S: Samsung (PINK: SSNLF ) wants
Apple to know that two can play at that game. The Korean technology manufacturer
announced on Wednesday via its official blog that it has made preliminary
injunction filings to have the iPhone 4S blocked from sale around the world due
to patent infringement. Starting with France and Italy, Samsung is looking to do
to Apples new smartphone precisely what Apple has done to the Samsung Galaxy
line of smartphones and tablets elsewhere. It promised to file new injunctions
in other countries as well. These two really need to learn to play nice.
Recycling Gets You $200 for Your iPhone 4: Apple has started an aggressive
iPhone recycling program, according to a Wednesday report at 9 to 5 Mac . The
new Reuse and Recycle program is taking older iPhones and giving out Apple gift
cards in return. Depending on the condition of the old phone, Apple will give up
to $200 the same price as the 16GB model of the new iPhone 4S. Given that Apple
has done good business with refurbished devices in the past, the new incentive
program should prove profitable for the company. As of this writing, Anthony
John Agnello did not own a position in any of the stocks named here. Follow him
on Twitter at
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