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Analyst Wu: New iPod nano with ‘magnesium-based casing’ may debut in late September

American Technology Research senior analyst Shaw Wu today reiterated his opinion that Apple’s as-yet-unannounced 2nd-generation iPod nano is running late for its as-yet-unannounced debut date.

Wu wrote:
We continue to believe that the new iPod nano (aka mini vPod) refreshes are facing transition issues due to an architecture move to an SoC vs. its present 3-chip solution. In terms of timing, we continue to believe calendar Q4 is most likely, specifically October and at the earliest, late Q3, meaning the second half of September.

An interesting data point we have picked up on the new Nanos is a new magnesium-based casing,. We believe this new casing will improve scratch-resistance, durability, and help lower Apple’s support and warranty costs.

In addition, we anticipate a preview on Mac OS X 10.5 Leopard, its next-generation operating system that will one up Microsoft Vista… We are prepared to see something that no one anticipated.

American Technology Research maintains a “Buy” rating on shares of Apple with a 12-month price target of $75.

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Related articles:
Apple’s next-gen iPod nano may be housed in aluminum – July 10, 2006
Analyst: 6GB – 8GB 2nd-gen iPod nano to hit shelves in November rather than September – July 07, 2006
Analyst Wu: New iPods may face delays of as much as six months – June 28, 2006

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