“Just a day after one of its Taiwan analysts predicted that Apple would produce an iPhone based on the iPod nano, JP Morgan’s American headquarters has dampened expectations with a second report,” Aidan Malley reports for AppleInsider.
Malley reports, “The financial institution appeared to distance itself on Tuesday from bolder claims made by Kevin Chang, who reckoned that a mid-priced iPhone was due to ship by the end of 2007. Senior analyst Bill Shope noted that Chang’s sources have yet to be corroborated and would contradict Apple’s historical business approach of waiting until a new device becomes truly necessary for the market.”
“Shope also warned investors that basing estimates on a single patent was unlikely to prove fruitful, as many of the company’s patents rarely translate directly to shipping products. The iPhone, by JP Morgan estimates, was more likely to keep its existing shape and add 3G wireless Internet at a similar price in early 2008,” Malley reports.
Full article here.
[Thanks to MacDailyNews Reader “MacVicta” for the heads up.]
And now you know why we called Kevin Chang a “Conclusion Jumper” yesterday.