Yesterday I was asked a strange question, "Have you heard anything about the iPhone being delayed?" As of then I had not. But today there is a story on Engadget that shows a mixed piece. You can interpret this as "false information" or you can call it "more Apple rumoring."
Engadget is saying they "have it on authority" that the iPhone launch and Leopard are being delayed. You have to read it at their site because if this is not true we don’t want to be part of the rumor mongering. To be fair they do have an "Update" that says Apple’s PR department are still on track from the last updates by the company. More likely than not you will hear something out of Apple today because the company cannot afford the confusion in the 8th or 9th inning of the waiting game.
Keep your eyes open for a press release or PR comment from Apple, or at least that would make sense. Shares of Apple traded lower by more than 1% on the posting of the first data and have recovered with the "update comment." Literally as I was getting ready to post this CNBC reported that Apple said its iPhone on track and these reports are erroneous and rumors only.
Stay tuned for a formal release from the company.
Jon C. Ogg
May 16, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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