“Apple Inc. rallied 3% on Monday after a leaked document reportedly indicated that it may launch iPhone 5S earlier than anticipated,” Sue Chang and Saumya Vaishampayan report for MarketWatch.
Apple (AAPL +3.10%) shares advanced for a third day on speculation that iPhone 5S could roll out as early as July,” Chang and Vaishampayan report. “Several news outlets are citing a document, purportedly leaked from KDDI, which showed that the Japanese carrier will begin taking preorders for the new iPhone in June for a July launch.”
Chang and Vaishampayan report, “However, analysts at Credit Lyonnais Securities Asia rejected the chatter. ‘No way. Component suppliers are only beginning to ramp production in June/July. Phone will not hit until late summer/early fall,’ they said in a note.”
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