Hot Apple Rumors 10/29

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By Douglas A. McIntyre Published
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Here are the highlights from websites that focus on Apple:

From AppleInsider —  The next generation iPad, which goes on sale in the first quarter of 2011, will feature two cameras, the website says, citing a report in Barron’s.  Researcher Detwiler Fenton & Co. estimates that 2.5 million of the next generation iPads will be sold in the first quarter. “AppleInsider contacted Detwiler Friday in an effort to determine why Apple would place a high-resolution camera on the back of a 9.7-inch tablet, and why Apple would only build 2.5 million units of a device that sold more than 4 million last quarter,” the website says. “Multiple e-mails and voicemails were not returned.”

From Mac Rumors: — Fortune magazine’s lengthy profile of Verizon (NYSE: VZ) CEO Ivan Seidenberg detail’s the telecom provider’s rocky relationship with Apple.  The wireless provider even turned down the chance to become the exclusive seller of the iPhone out of concern about the revenue sharing agreement.   All is forgiven since the Verizon iPhone is due to go on sale next year.

Jon Berr

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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