Apple gains on ‘iPhone nano’ rumor; market value now close to HP’s

Among today’s NASDAQ gainers, Apple Inc. advanced almost 3% to $133.88,” Matt Andrejczak reports for MarketWatch.

“J.P. Morgan analyst Kevin Chang said Apple might be preparing to launch a less expensive iPhone near the end of 2007, using a design based on the iPod Nano. He cited a filing with the U.S. Patent and Trademark Office that suggest Apple is developing a cheaper device aimed at younger consumers,” Andrejczak reports.

Full article here.

MacDailyNews Note: Apple’s market cap currently stands at $115.64B and is closing in on HP’s which currently stands at $118.79B.

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

34 Comments

  1. “J.P. Morgan analyst Kevin Chang said Apple might be preparing to launch a less expensive iPhone near the end of 2007, using a design based on the iPod Nano

    So it’s going to have even less storage than the mere 8GB regular iPhone?

    A tiny screen to match the iPod Nano and even less capability?

    So we are talking about a iPhone Nano with the ability to hold a few thousand songs instead of a few hundred like that failed overpriced Moto thing.

  2. I love my iPhone. Text messages are amazing. Add text messages, youtube like sites (add a button on your screen for direct access to your site) to a Nano at a $199 – $249 price point and you have a new 100,000,000 unit market. Kids can live without the phone, address, surfing, etc. Media and texting is the next must have product.

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