Friday, November 11, 2011

Friday Apple Rumors — Hong Kong Catches iPhone 4S Fever

Here are your Apple rumors and AAPL stock news items for Friday: iPhone 4S
Draws Big Lines in Hong Kong: Apple (NASDAQ: AAPL ) released its latest
smartphone in 15 more countries Friday. According to a report at MIC Gadget (via
Mac Rumors ), more than 3,000 customers lined up at Apples flagship store in
Hong Kong at the IFC Mall to purchase an iPhone 4S, but just 1,250 phones were
available for purchase. The iPhone 4S has yet to be released in China, and MIC s
report claimed that nearly half of those lined up in Hong Kong were purchasing
the phones on behalf of scalpers looking to resell in China. China has become a
significant iPhone market for Apple in the past two years. iPhone sales in that
country were up 250% year-on-year during the companys second quarter, and total
revenue from China totaled nearly $5 billion for the first half of 2011. Sony
Hoping to Beat Apple to Connected TV Punch: All signs suggest that Apple is
gearing up to bring its special brand of market segment domination to the TV
business sometime in the next year. Now the old kings of television are saying
that theyre already getting ready to fight Apples HDTV . The Wall Street Journal
reported on Thursday that Sony (NYSE: SNE ) CEO Howard Stringer touted his
companys plan to take on Apple . Stringer said, We cant continue selling TV sets
(the way we have been). Every TV set we all make loses money. To that end,
Stringer said his company was pouring efforts into research and development to
create a new type of television one that would compete with the non-traditional
TV set Stringer said he has no doubt Apple is making. He believes, as the late
Steve Jobs comments about the Apple TV suggested , that the key to success in
the future television market is simplicity akin to that of the iPhone. The
beauty of the iPhone is its really well organized. If Sony can build a
simple-to-use television that works seamlessly with its many other products, it
might very well reinvigorate its television business. iPhone 4S Users Reporting
Battery Problems After Update: Apple released an update to its iOS platform on
Thursday with the goal of ameliorating the short battery life problems some
iPhone 4S owners have reported. A report at 9 to 5 Mac said the battery problems
have persisted even after the update, at least for a number of users. One user
reported that after opening the Safari web browser, his phones battery icon lost
2% of its charge immediately. 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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