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JP Morgan retracts. Now says "No" to near term "Nano" iPhone

JP Morgan has just issued a note retracting Kevin Chang's earlier projection about a near term iPhone Nano. The new report says that the majority of Chang's assumptions appear to have come from a review of the patent that was published last week, adding that a near-term launch of an iPhone-nano product would be "unusual and highly risky". TUAW brings you the entire report in this exclusive online gallery.


Thanks Jeff



JP Morgan has just issued a note retracting Kevin Chang's earlier projection about a near term iPhone Nano. The new report says that the...
 

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Mark

Oh, please. Just filing a patent application does not indicate anything at all. It's just a motion for further intent.

Mark Rosenberg
Patent Consultant
Patentclaim.com, protectors of patent infringement

July 10 2007 at 10:20 PM Report abuse rate up rate down Reply
JR

A phone the size of a ipod nano would be too small and not user friendly... I'm reminded of the joke youtube ipod "flea" commercial at...

http://www.youtube.com/watch?v=qRt3Yaups1c

July 10 2007 at 8:59 PM Report abuse rate up rate down Reply
ToupsWinker

The heart of all iPhones is a nano powered by the blood of a young indian child.

July 10 2007 at 7:27 PM Report abuse rate up rate down Reply
Kenneth Hartog

These guys think the know everything about everything. Obviously Apple will eventually come out with a different, smaller model. Will it be this year, next year? I suspect within a year, but your guess is as good as mine. I published the following post in Google and Yahoo Finance. See if anybody has an opinion on it.
What people fail to realize is that Apple probably, in my opinion,
gets a share of the AT&T revenue. If you recall, Verizon did not want
to do the deal with Apple. I am pretty sure that Apple Stores get a
share of the revenue when a customer switches over just as your local
Cellular store gets paid when they get a customer for AT&T. I suspect
the payment is around $300 per person plus some type of on-going share
of revenues but I have no real basis for that number. I think I heard
once that a store gets around $250 to sign a customer to a new
contract.
Why else would Apple go with an exclusive provider? If they are not
getting more money, they would make it for any provider?
As a side note, I own AAPL shares and options.

I followed it with this post:
Therefore, if you take 10 million as the number of sales by the end of
2008, which seems almost conservative now, multiply that by $300, you
get an extra $3 billion in earnings that nobody is talking about. I am
a HUGE aapl bull.

My further analysis is:

If somebody puts a 40X multiple on those earnings, that more than doubles AAPL market value. I don;t expect it to double in price, but I do expect a HUGE move to the upside.

Once again, I own AAPL shares and Calls so my opinion might be biased, but that is my thinking.

July 10 2007 at 7:13 PM Report abuse rate up rate down Reply
morgan m

you are over digging all of your mediocre (at best) articles about your current obsession.

July 10 2007 at 7:03 PM Report abuse rate up rate down Reply
Wally

"Did anyone check the volume of AAPL today?"

About 15% higher than usual...nothing extraordinary.

July 10 2007 at 6:43 PM Report abuse rate up rate down Reply
Bill DAlessandro

I'm pretty sure you're not allowed to republish the JPM report like that...

July 10 2007 at 6:30 PM Report abuse rate up rate down Reply
Big John

Did anyone check the volume of AAPL today?

July 10 2007 at 6:00 PM Report abuse rate up rate down Reply
Billy K

Duh.

July 10 2007 at 5:51 PM Report abuse rate up rate down Reply
AJ Vaynerchuk

I still say an iPhone nano is coming. There is too much branding behind the name nano! If they come out with a cheaper smaller version of the iPhone, the name Nano would make the product sleeker, and more desirable. It would be a marketing and business mistake to not come out with a iPhone nano in my opinion.

-----------------------
AJ Vaynerchuk
Check out my iPhone link blog - http://www.ajvaynerchuk.com/iphone
optimized and fitted for reading on your iPhone

July 10 2007 at 5:34 PM Report abuse rate up rate down Reply
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