Overwhelming demand for the iPhone has made it hard for Apple to keep the device in stock globally, so much so that some observers wonder if the company’s fourth-quarter earnings might be a slight disappointment.
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Nokia describes the management overhaul it’s undertaking as a common “job rotation,” but coming as it does after its lousy third-quarter financial performance and a worrisome decline in smartphone market share, it seems perhaps just a little bit more. This morning the Finnish mobile phone giant tapped Rick Simonson, currently its chief financial officer, as head of its handset division. And the company named Timo Ihamuotila, currently global head of sales, CFO.
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Apple has long been a subscriber to the underpromise-and-over-deliver school of guidance theory, so it’s not unusual to see research houses raising their guidance on the company in advance of its fourth-quarter financials. Among those doing so today: Morgan Keegan, whose Tavis McCourt says the June refresh of the MacBook Pro line and the recent launch of Snow Leopard have juiced sales at Amazon and Best Buy.
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“Sales of iPhone through China Unicom, to state it mildly, have been disappointing. Volumes since launch have run at a fraction of stated goals.” So says Northeast Securities analyst Ashok Kumar, who, in a research note to investors this morning, warned that Chinese sales of the iconic handset are not nearly as good as expected. Which I suppose makes perfect sense because the iPhone hasn’t yet gone on sale in China.
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Former Genentech chairman and CEO Art Levinson has resigned from Google’s board, where he has been a director since April 2004. No reason was given for his departure, though his membership on both the Google and Apple boards, and the Federal Trade Commission inquiry into into possible implications of such dual memberships, surely played a role.
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Looks like tethering on Apple’s iPhone is still a matter of “when and not if,” as AT&T likes to say. Though the carrier’s decision to allow Internet telephony apps on its 3G network has lead some to speculate that the company will soon allow data tethering as well, that’s not the case. Evidently, there’s still a while to wait until AT&T supports that long-promised feature.
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To be taken with a grain of salt: Apple’s long-rumored tablet will arrive at market early next year and will feature a 10.6-inch panel designed with e-books in mind. This according to the occasionally accurate DigiTimes.
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If the teen demographic is a critical indicator of a company’s long-term growth prospects in the consumer electronics and online music markets, Apple has nothing to worry about. Because according to the results of Piper Jaffray’s 18th biannual Teen Survey, Apple devices continue to do well with American teenagers.
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“Want 5 times more 3G coverage? There’s a map for that.” That’s the cheeky slogan of a new Verizon ad reportedly set to debut during tonight’s Monday Night Football game. Riffing on the tagline from Apple’s iPhone commercials, it essentially turns widespread complaints about the quality, coverage and speed of AT&T’s network into one grand Verizon marketing campaign.
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Approximately 12 percent of all computer-using U.S. households own an Apple machine, and nearly 85 percent of those also own a Windows-based PC. That’s the conclusion of an NPD survey that suggests that Mac households favor multiplatform environments, buy more gadgets and have the higher income needed to afford them.
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Apple seems to have gotten over its aversion to apps duplicating core iPhone functions. This morning, Internet telephony company Vonage released an app that allows iPhone users to make calls over Wi-Fi and AT&T’s voice network.
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Woolworths Supermarkets describes its new logo as “an abstract leaf symbol” intended to represent fresh food. But to Apple, the stylized “W” looks far too much like its own namesake fruit, which could be problematic should the supermarket chain someday decide to peddle its own brand of consumer electronics. And so Apple is petitioning IP Australia, the local agency that governs trademarks, to reject the Woolworths application for the mark.
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It’s looking more and more likely that Apple is planning a fall refresh of its iMac line. Last week we heard rumors that some new all-in-one, dual-core desktops were already rolling off the assembly lines of Apple’s manufacturing partners. Now comes word of Federal Communications Commission filings that confirm the existence of the new wireless mouse and keyboard that might be paired with them.
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Add Morgan Stanley’s Kathryn Huberty to the list of analysts calling for Apple to broaden the iPhone’s distribution by ending carrier exclusivity deals. In a research note issued this morning, Huberty–noting that the iPhone’s market share grew 136 percent in France when Apple switched to multicarrier agreements there–said iPhone sales could more than double if the company took a similar tack in other countries.
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Well this certainly doesn’t bode well for O2: The U.K. wireless carrier, which has reportedly been selling about 2,200 iPhones a day since it secured exclusive distribution rights to the device in 2007, has run out of the 3GS model. Extremely high levels of demand have emptied not just the company’s physical retail outlets, but its online store as well.
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