Apple’s (AAPL) iPhone battery will not be a bust. Expect the stock to get another kick upstairs.
Rumors have been circulating for months that one of the problems with the iPhone is that it would draw the life out of it battery too quickly, making it less attractive than other multimedia phones.
Not so, say Apple. iPhone will feature up to 8 hours of talk time, 6 hours of Internet use, 7 hours of video playback or 24 hours of audio playback. That would make it comparable to high-end phones from companies including handset leader Nokia (NOK).
The iPhone once looked like an expensive toy, but with surveys showing that customers from Sprint (S) and T-Mobile may move to AT&T Wireless because it has an exclusive on the phone, the industry has begun to take it very seriously.
With battery problems off the table, the only problem with the iPhone may be whether Apple can make enough of them.
Douglas A. McIntyre