“Analysts for American Technology Research on Tuesday encourage investors to get aggressive in purchasing shares of Apple Computer prior to the launch of the company’s much rumored iPod cell phone, which it says is likely to revolutionize the handset industry,” AppleInsider reports. “‘Our research indicates that an Apple-designed smart phone has moved from concept to prototype and recently has progressed to near completion as a production unit,’ analyst Shaw Wu told clients in a research note on Tuesday. ‘We believe this smart phone has been in development for over 12 months and has overcome substantial challenges including design, interference, battery life and other technical glitches.'”

AppleInsider reports, “Pointing to the existing smart phone market, Wu noted the challenges companies face when trying to produce a converged product of high quality. However, he said Apple chief executive Steve Jobs ‘is finally satisfied with the end product Apple engineers have produced in terms of quality and the right blend of cell phone and portable media player.'”

AppleInsider reports, “Given Jobs’ previous track record, the analyst said he has the utmost confidence the Apple branded cell phone, which he says will conform to a sleek candy bar form factor, will meet the highest of standards with ‘no exception.'”

“‘Clearly, we would like to share more detail as we have conducted extensive work on the product pipeline, but for now, here is what we will convey,’ Wu wrote. ‘The design will be an iPod nano-like candy bar form factor and come in three colors (we are not certain of the exact colors but we suspect black, white and platinum, similar to Apple’s current color scheme of iPods and Macs),'” AppleInsider reports.

More detail in the full article here.

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