Piper Jaffray analyst: Steve Jobs, new iPhone coming in late June

“Reading between the lines of an Apple press release issued early Wednesday, Piper Jaffray’s Gene Munster believes the company has lined up two important events for the end of June: The return of CEO Steve Jobs and the unveiling of the next generation iPhone,” Phillip Elmer-Dewitt reports for Fortune.

“What Apple announced was that the keynote address for this year’s World Wide Developers Conference will be delivered by marketing vice president Phil Schiller on June 8 and will focus not on new hardware but on software that Apple has been talking about for months: iPhone 3.0 and Mac OS X Snow Leopard,” Elmer-Dewitt reports.

“The analyst believes Jobs may return to Apple with a reduced role, possibly as chairman, with COO Tim Cook assuming the CEO position,” Elmer-Dewitt reports. “Munster also sought to reassure investors who had hoped that the successor to the iPhone 3G might be unveiled at the June 8 keynote. Instead, he expects Apple to schedule a second event, jam-packed with news:”

We expect Apple to host a special event in late June or early July to launch a family of iPhones. We continue to expect multiple models, possibly a high-end iPhone with improved specs from the current version and a low-end version with lower capacity and fewer features along with a reduced pricing plan. Such a model could also be used in Apple’s launch of the iPhone into China as soon as the end of summer ‘09.

Full article here.

[Thanks to MacDailyNews Reader “JES42” for the heads up.]

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