Every analyst and rumor website has an estimate of when the
next iPhone refresh will hit the streets, but news Thursday may
force those estimates to be updated.
reported that Apple's (NASDAQ:
) refresh of its iPhone line, including the much rumored iPhone
5S and a cheaper iPhone may not hit the streets in June or July
like the rumor mill seems to believe.
According to the site, Ming-chi Kup of KGI Securities shared a
research note on Thursday laying out a few reasons that the new
line of iPhones may be delayed.
Apple will be the first to use a fingerprint sensor, but when
you're the first, you have to solve all of the problems that come
with new technology. Apple may be planning to place the sensor
under the home button which would allow for better security
without having to enter a password every time the phone is
The problem may be in the coating material under the cover
Apple's new iOS 7 will be the first to involve famed Apple
designer Jony Ive. Apparently, Ive is asking for a flatter design
that is more stark and simple than other designs. The OS also has
to integrate fingerprint technology along with the many other
changes that always come with an OS refresh.
Multiple outlets have reported that iOS 7 is behind schedule.
It might be so far behind that Apple is pulling engineers from
the OS X team according to reports from sources like
The new, cheaper iPhone may be held up because nobody at Apple
has figured out what to call it yet. (Okay, we made that up.) In
rumored reality, the cheaper iPhone will likely be made with a
plastic casing. The thinner, cheaper casing might cause
manufacturing delays related to the coating on the new phone.
Because of these delays, Kuo believes that Apple will see only
single digit growth in iPhones and iPads in Q3-well below street
consensus calling for 30 to 40 percent growth.
Sure, this is just another rumor but Kuo, unlike many
analysts, has a strong track record of predicting products,
timelines, and earnings. This rumor may have a little more
credibility than the glut of analyst predictions that come out
If Kuo is correct, that might give Apple more time to join
with Google (NASDAQ:
) in "
abusing the court system
Disclosure: At the time of this writing, Tim Parker was long
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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