The report, should it prove true, will no doubt be a disappointment to overanxious tabletites awaiting the mysterious device’s arrival, but really, that’s immaterial to Apple (AAPL). In the end, a six-month delay is simply six more months of rumor and speculation with which to build the bonfire of publicity that will erupt when (and if) the tablet/slate arrives.

Moreover, the tablet market is a nascent one; it’s not as if Apple is losing market share to its rivals by delaying entry. It’s best, then, for the company to take it’s time and uncrate the tablet/slate when confident that it has everything right. As Piper Jaffray analyst Gene Munster wrote in a research note to investors Thursday, “the exact timing is irrelevant given Street models do not currently reflect the tablet, expectations for actual units in 2010 are low, and investors focus is more on whether the tablet is real and less on timing.”

Munster, it’s worth noting, envisions Apple’s tablet/slate as a $500-700 device about three times the size of the iPod touch.

“We expect the tablet hardware to be similar to an iPod touch but larger; we expect the key differentiator of the device to be its software,” Munster writes. “While there are several options ranging from a touch screen Mac OS X to an iPhone-like OS, we expect the tablet to be driven by a new version of Apple’s iPhone OS that runs a new category of larger apps alongside all the current apps from the App Store. We believe Apple’s tablet would compete well in the netbook category even though it would not be a netbook.”

The new iMacs boast LED-backlit 21.5- and 27-inch widescreen displays in an edge-to-edge glass design and all aluminum enclosure. They’re available with Intel (INTC) Core 2 Duo processors starting at 3.06 GHz, and Core i5 and i7 quad-core processors for even better performance. The low-end model is priced at $1,199, the same as the past generation, but its high-end sibling is now $200 cheaper, at $1,999.

The new MacBook features an 13.3-inch LED backlit display, a multitouch trackpad, and a $999 price tag. Though still housed in white polycarbonate plastic, it features an updated unibody design borrowed from the MacBook Pro.

The successor to the Mighty Mouse, Magic Mouse, eliminates mechanical buttons, instead, employing the same multitouch surface found on the iPhone, iPod touch, and Mac notebook trackpads, allowing users to navigate their desktops with simple gesture commands.

Accompanying the Magic Mouse is a a new Apple Remote. It’s got a new design and is, predictably, housed in aluminum.

Finally, Apple (AAPL) also updated the Mac mini. While its design is largely identical to that of its predecessor, it offers far more storage. Starting at $599, the entry-level Mac mini features a faster 2.26 GHz Intel Core 2 Duo processor and 2GB of DDR3 1066 MHz memory, a 160GB hard drive, five USB 2.0 ports, FireWire 800, Nvidia GeForce 9400M integrated graphics and a SuperDrive.

There’s also a new $999 Mac mini that’s specially configured with a Mac OS X Snow Leopard Server. It’s outfitted with two 500GB hard drives for a total of 1TB of server storage.

Quite a refresh and one analysts are already crowing about. In a bulletin released after the announcement, Piper Jaffray’s Gene Munster said Apple’s new machines will undoubtedly improve the company’s prospects for the December quarter.

“We expect the new iMacs, and to a lesser degree the new Mac minis, to help the desktop category rebound in the Dec. quarter,” Munster wrote. “In other words, the headwind that existed in the Sept. quarter due to aging Mac desktops has now turned into a tailwind for Mac units in the Dec. quarter….Bottom Line: Street Mac numbers may also be conservative if positive trends continue coupled with new Macs in the quarter.”

No wonder it was a blowout quarter.

After market close Monday, Apple reported a fiscal fourth-quarter profit of $1.67 billion, or $1.82 a share, on revenue of $9.87 billion. That topped the estimates of analysts surveyed by Thomson Reuters, who’d expected the company to earn $1.42 a share on revenue of $9.2 billion.

The company sold 3.05 million Macs during the quarter, a 17 percent increase over last year. It sold 10.2 million iPods, an eight percent decline from the year-ago quarter.

And iPhones? Apple (AAPL) sold 7.4 million of those–seven percent more than during the same period last year. So much for those supply-chain issues that some analysts warned might undermine iPhone sales.

“We are thrilled to have sold more Macs and iPhones than in any previous quarter,” said CEO Jobs. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.” [Editor's Note: "...really great new products"--is that code for a tablet?]

Apple shares, which closed at $189.86 today, are spiking as I write this. At $203.90, they’re up more than seven percent in extended trading.

Looking ahead to its fiscal first quarter, Apple estimates it will earn between $1.70 and $1.78 a share on revenue in a range of $11.3 billion to $11.6 billion. That’s comically lower than the $1.91 a share on $11.45 billion in sales that analysts are forecasting. But as today’s results clearly demonstrate, Apple subscribes to the underpromise-and-over-deliver school of guidance theory, so there’s likely little cause for concern.

So, to recap: Apple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.

Notes From the Earnings Call:

• Apple COO Tim Cook and CFO Peter Oppenheimer are handling the earnings call. CEO Steve Jobs will not be attending.
• Oppenheimer says this was Apple’s second-highest quarterly revenue ever. Highest-ever operating margin. “We are thrilled with these record-breaking results, particularly given the economic environment around us.” Obviously.
• Macs are showing “fantastic momentum,” says Oppenheimer. Sales have outpaced the market in 19 of the past 20 quarters. Quarterly sales were up 17 percent; portable sales, 35 percent. Interesting: 42 percent growth in Asia.
• Moving on to iPods: Sales were down to 10.2 million from 11 million a year ago. But iPod touch sales doubled. MP3 market share in the U.S. is now more than 70 percent (according to NPD, I think).
• iPhone sales were up seven percent. Apple will begin selling iPhones in China later this month. More than 85,000 apps in App Store. Two billion downloads.
• Apple opened 15 new stores during the quarter. Now has 273. Will soon open first two stores in France, including one at the Louvre.
• Moving on to the Q&A. Asked about those iPhone 3GS supply issues I mentioned earlier, Cook acknowledges that demand did outstrip supply in a number of countries. But the situation improved “markedly” in September. How are things looking for China? Cook: “I would have liked to have had more, honestly, because we were still short in some countries at the end of the quarter.”
• Apple is obviously very excited about the iPhone’s impending debut in China. “There’s a good opportunity, and we’re really excited to get started,” says Cook. “It’s the largest market in the world in terms of total phones.”
• No comment on the broader economy. “We just spend our time projecting our business and leave the economy to the economists.”
• Does Apple worry about iPhone rivals? Android? Not really, says Cook. “We feel very good about suiting up and competing against anyone.” Our competitors are still trying to catch up with the first iPhone, he adds.
• Snow Leopard? Cook says the company’s been “pleasantly surprised” by sales of Apple’s latest OS.
• How does Apple benefit from carrier-exclusivity iPhone deals? Cook says carriers with exclusivity deals are willing to invest more in the platform and that means greater innovation. Visual voicemail is an example of that. That said, he adds, “We’ve found no lack of people wanting to sell iPhones, frankly.”
• International store revenue up more than 20 percent, on average.
• More on iPhone supply issues. Cook insists this is not a component issue, though he notes that silicon can sometimes be hard to get. “We feel good about our position now.”
• And still more on iPhone supply issues: How many iPhones would Apple have sold if it had an adequate supply? Impossible to say, really, Cook says, adding that 3GS units were in short supply virtually everywhere in September.
• Enterprise demand for the iPhone is very strong. It’s either being deployed or already in use at some 50 percent of Fortune 100 companies. Same with Europe and the FT 100. Widely used in higher ed and government as well.
• But perhaps not widely enough. Asked about institutional sales, Cook says Apple isn’t seeing much stimulus funding. The company’s worried about state spending. Says Cook, “We may see more this quarter, but it’s too early to tell.”

“When I logged into my MacBook Pro this morning, it was as if I had logged into my Guest Account and not my standard user profile,” one Snow Leopard user explained in Apple’s Support Discussions. “No icons on the desktop, the desktop wallpaper was the default ‘space’ photo and not the one I had assigned, no documents in the docs folder, apps behaved as if I’d never opened them before.”

Clearly, this is not what Apple (AAPL) meant when it claimed the OS would free up as much as seven gigs of space upon installation.

Obviously, this is a nasty flaw, and it’s a pity it has taken Apple this long to cop to it. But it has and, as the company told News.com yesterday, a remedy should be forthcoming. Said an Apple rep: “We are aware of the issue, which occurs only in extremely rare cases, and we are working on a fix.”

And it continues to sell well. While Leopard and Tiger sales declined more than 60 percent after their first week at market, sales of Snow Leopard have only declined 25 percent in the two weeks it’s been available.

“Even though some considered Snow Leopard to be less feature-focused than the releases of Leopard or Tiger, the ease of upgrading to Snow Leopard and the affordable pricing made it a win-win for Apple computer owners–thus helping to push sales to record numbers,” NPD’s Stephen Baker said in an announcement.

“With pricing reduced by more than $100 for both the single-user and five-user pack versus Leopard pricing,” Baker added, “Apple has clearly demonstrated that aggressive pricing policies in this economic environment generate an outstanding consumer response.”

In a research note issued earlier this summer, Piper Jaffray analyst Gene Munster estimated that Apple (AAPL) would sell about five million copies of Snow Leopard in the quarter in which it was launched. And while that number might have seemed optimistic at the time, it’s looking increasingly more reasonable. Leopard, as you might recall, sold more than two million copies its first weekend at market. If Snow Leopard is selling twice as quickly, Apple should have no trouble hitting Munster’s target and perhaps even passing it.

So says Piper Jaffray analyst Gene Munster, who, in a research note issued this week, suggests that there’s more value in Snow Leopard than just the minor bump it will give to Apple’s (AAPL) bottom line.

“We believe Apple is using a minor upgrade to its operating system as an opportunity to sell it at a lower price ($29 vs. $129 previously) and market the new OS as a selling point for the Mac platform over the Windows platform,” Munster writes. “In other words, Apple is promoting the Mac platform as a superior alternative to Windows in terms of newer technology, more frequently, for less money. The release of Snow Leopard is not about new features; rather, it is about keeping Mac users up to date with the latest technology vs. Windows XP and Vista users on antiquated technology.”

Unlike its predecessors, Snow Leopard was developed with a focus on performance enhancements rather than new features. It runs all major applications in 64-bit mode and has been optimized for multicore processors with a new technology dubbed Grand Central.

Snow Leopard also includes a new media platform called QuickTime X that boasts a new UI with disappearing controls, in-video timelines and the ability to perform basic edits and shares to iTunes, Google’s (GOOG) YouTube, etc.

Also included: A new version of Safari that Apple (AAPL) claims will include the fastest implementation of JavaScript ever. Finally, Snow Leopard offers out-of-the-box support for Microsoft Exchange 2007.

The official press release, below:

Apple to Ship Mac OS X Snow Leopard on August 28
CUPERTINO, Calif., Aug. 24 — Apple® (AAPL) today announced that Mac OS® X v10.6 Snow Leopard(TM) will go on sale Friday, August 28 at Apple’s retail stores and Apple Authorized Resellers, and that Apple’s online store is now accepting pre-orders. Snow Leopard builds on a decade of OS X innovation and success with hundreds of refinements, new core technologies and out of the box support for Microsoft Exchange. Snow Leopard will be available as an upgrade for Mac OS X Leopard® users for $29.

“Snow Leopard builds on our most successful operating system ever and we’re happy to get it to users earlier than expected,” said Bertrand Serlet, Apple’s senior vice president of Software Engineering. “For just $29, Leopard users get a smooth upgrade to the world’s most advanced operating system and the only system with built in Exchange support.”

To create Snow Leopard, Apple engineers refined 90 percent of the more than 1,000 projects that make up Mac OS X. Users will notice refinements including a more responsive Finder(TM); Mail that loads messages up to twice as fast;* Time Machine® with an up to 80 percent faster initial backup;* a Dock with Expose® integration; QuickTime® X with a redesigned player that allows users to easily view, record, trim and share video; and a 64-bit version of Safari® 4 that is up to 50 percent** faster and resistant to crashes caused by plug-ins. Snow Leopard is half the size of the previous version and frees up to 7GB of drive space once installed.

For the first time, system applications including Finder, Mail, iCal®, iChat® and Safari are 64-bit and Snow Leopard’s support for 64-bit processors makes use of large amounts of RAM, increases performance and improves security while remaining compatible with 32-bit applications. Grand Central Dispatch (GCD) provides a revolutionary new way for software developers to write applications that take advantage of multicore processors. OpenCL, a C-based open standard, allows developers to tap the incredible power of the graphics processing unit for tasks that go beyond graphics.

Snow Leopard is the only desktop operating system with built in support for Microsoft Exchange Server 2007, and it allows you to use Mac OS X Mail, Address Book and iCal to send and receive email, create and respond to meeting invitations, and search and manage contacts with global address lists. Exchange information works seamlessly within Snow Leopard so users can also take advantage of OS X only features such as fast Spotlight® searches and Quick Look previews.

Mac OS X Server Snow Leopard, the next major release of the world’s easiest to use server operating system, will also go on sale Friday, August 28. Snow Leopard Server includes innovative new features such as Podcast Producer 2 and Mobile Access Server and is priced more affordably than ever at $499 with unlimited client licenses. More information and full system requirements for Snow Leopard Server can be found at www.apple.com/server/macosx/.

Pricing & Availability

Mac OS X version 10.6 Snow Leopard will be available as an upgrade to Mac OS X version 10.5 Leopard on August 28 at Apple’s retail stores and through Apple Authorized Resellers, and online pre-orders can be made through Apple’s online store (www.apple.com) starting today. The Snow Leopard single user license will be available for a suggested retail price of $29 (US) and the Snow Leopard Family Pack, a single household, five-user license, will be available for a suggested price of $49 (US). For Tiger® users with an Intel-based Mac®, the Mac Box Set includes Mac OS X Snow Leopard, iLife® ‘09 and iWork® ‘09 and will be available for a suggested price of $169 (US) and a Family Pack is available for a suggested price of $229 (US).

The Mac OS X Snow Leopard Up-to-Date upgrade package is available to all customers who purchased a qualifying new Mac system from Apple or an Apple Authorized Reseller between June 8, 2009 and the end of the program on December 26, 2009, for a product plus shipping and handling fee of $9.95 (US). Users must request their Up-to-Date upgrade within 90 days of purchase or by December 26, 2009, whichever comes first. For more information please visit www.apple.com/macosx/uptodate. Snow Leopard requires a minimum of 1GB of RAM and is designed to run on any Mac computer with an Intel processor. Full system requirements can be found at www.apple.com/macosx/specs.html.

10.5.8 is largely a maintenance update, though it does patch a number of security vulnerabilities (18 to be exact), some of them fairly old.

Among 10.5.8’s improvements:

• Upgrades Safari to version 4.0.2
• Improves the accuracy of full history search in Safari 4
• Resolves an issue in which certain resolutions might not appear in the Display pane in System Preferences.
• Dragging an Aperture image into Automator now invokes an Aperture action instead of incorrectly invoking an iPhoto action.
• Resolves an issue that could prevent importing of large photo and movie files from digital cameras.
• Improves overall Bluetooth reliability with external devices, USB webcams and printers.
• Addresses an issue that could cause extended startup times.
• Improves iCal reliability with MobileMe Sync and CalDav.
• Addresses data reliability issues with iDisk and MobileMe.
• Improves overall reliability with AFP.
• Improves overall reliability with Managed Client.
• Improves compatibility and reliability for joining AirPort networks.
• Improves Sync Service reliability.
• Includes additional RAW image support for several third-party cameras.
• Improves compatibility with some external USB hard drives.
• Includes latest security fixes.

Slick. The trackpad now feature Chinese character support. Users simply draw the characters with their fingers.

Check out our WWDC 2009 Full-Coverage special feature for more WWDC news.

“Between indications from our component contacts in Asia, recent patents relating to multi-touch sensitivity for more complex computing devices, comments from Tim Cook on the April 22nd conference call, and Apple’s acquisition of P.A. Semi along with other recent chip-related hires, it is increasingly clear that Apple is investing more in its mobile computing franchise,” he writes. “Specifically, we expect this to result in a larger (7″-10″) touchscreen tablet that will launch in 1H CY10. Additionally, Apple’s consistent message that it refuses to launch a ‘cheap’ portable netbook, and its desire to differentiate itself in a maturing market before it’s too late, plus its gradual addition of multi-touch technology to all of its core products (iPhones, iPods and Macs) leads us to conclude this product will be a touchscreen tablet.”

Munster theorizes that the device will use a third version of Mac OS X to offer a sort of middle ground between the iPod touch and the MacBook. “The device’s OS could bear a close resemblance to Apple’s iPhone OS and run App Store apps,” he wrote. “Key apps, like Safari and Mail, could make use of the larger screen resolution, making Apple’s tablet appealing for more extended use, but the company could continue to leverage its primary asset in mobile computing, the App Store, in this scenario.”

The design of that OS, however, has been time-consuming and will keep the device from market until the first half of next year. “We expect the development of such an OS to be underway currently,” Munster says, “but its complexity, along with our conversations with a key company in the mobile space, leads us to believe it will not launch until CY10.”

[Image Credit: MacBlogz]

“When I look at netbooks, I see cramped keyboards, terrible software, junky hardware, very small screens,” he explained, noting that it’s “a stretch” to call a netbook a personal computer. “It’s just not a good consumer experience and not something we would put the Mac brand on….it’s not a space as it exists today that we are interested in, nor do we believe that customers in the long term would be interested in. It’s a segment we would choose not to play in. That said, we do look at the space and are interested to see our customers’ respond to it. People that want a small computer so to speak that does browsing and e-mail, might want to buy an iPod Touch or they might want to buy an iPhone. And so, we have other products to accomplish some of what people are buying netbooks for and so, in that particular way we play in an indirect basis.”

Turns out, Research in Motion co-CEO Jim Balsillie feels pretty much the same way. In a recent interview with Reuters, he said the company has no interest in adding a netbook to RIM’s product line. The only netbook Balsillie is interested in is one “you can hold up to your ear and clip onto your belt.” In other words, a BlackBerry. Anything larger just won’t cut it, as a parade of discontinued nonphone portable hardware has already shown us. “These devices don’t work,” Balsillie said. “At the end of the day what we’ve really found is that if [customers] can do it on a BlackBerry that’s what they’ll want.”

Interesting to hear these two companies come out so strongly against netbooks given the current buzz around them. Demand for netbooks is reportedly surging, so much so, it’s singlehandedly bolstering PC sales slowed by the econalypse. Nokia (NOK) is considering entering the netbook market according to Chief Executive Olli-Pekka Kallasvuo. So why are Apple (AAPL) and Research in Motion (RIMM) thumbing their noses at it? Perhaps because they view the netbook as an interim product, a placeholder. Perhaps because they know that the handset is the next computer?

Apple certainly does. The iPhone already runs a spartan version of the company’s OS X operating system. How long will it be before the device is outfitted with a more powerful processor–perhaps one designed by PA Semi–capable of running OS X SL? How long before the iPhone (or its dock) is outfitted with the Mini DisplayPort that will connect it to a monitor? How long before we no longer need netbooks or notebooks because our handsets do it all?

Brand new MySpace CEO Owen Van Natta started things off Monday with his first day on the job. He was joined by new COO and former AOL exec Mike Jones and new chief product officer and former Sling Media exec Jason Hirschhorn. Down in Los Angeles at the AlwaysOn OnHollywood conference, Boomtown ran smack into Huff Post mastermind Arianna Huffington, who extolled the virtues and abilities of new managing editor Jai Singh, former editor-in-chief of CNET Networks. At AOL, in preparation for spinning off the Time Warner (TWX) Online unit, new CEO Tim Armstrong began appointing new senior execs and spinning off existing ones. Platform-A president and former Yahoo (YHOO) sales exec Greg Coleman, who joined the AOL team in February, is leaving the company, to be replaced by Jeff Levick, who is leaving Google (GOOG)–where he had a close relationship with Armstrong. CFO Nisha Kumar is also leaving AOL, and a search is underway for her replacement. MediaMemo has more on Time Warner’s decision to spin off AOL. A number of Flickr engineers were laid off Wednesday, but Chief Architect Cal Henderson has left the company of his own accord and is working on a stealth start-up with Flickr co-founder Stewart Butterfield. Last, but not least, one of the voices covering the digital scene has found a new gig. Owen Thomas, self-described “scourge of [Silicon] Valley,” is leaving Valleywag to head up GE (GE) unit NBC Universal’s new “Bay Area” Web site, whose motto is “Locals Only.” He’ll be replaced by fresh-faced Ryan Tate, recently the night editor for Gawker. Both reporters talked to BoomTown on Friday about the changes.

MediaMemo wrote on Monday about Condé Nast shutting down Portfolio–both the print magazine and the accompanying Web site. On a cautionary note, MM outlined the reasons why Portfolio’s business magazine peers should not celebrate the loss of a competitor, even (or especially) during tough economic times. Is the meteoric ascension of Twitter flattening out? According to a Nielsen Online study, 60 percent of Twitter’s users leave after a month. This was met with a lot of skepticism so Nielsen ran the numbers again with the same results–and this time it’s sticking with them. MediaMemo also had an explanation for why the long-awaited deal between Disney (DIS) and Hulu took months and months and millions of dollars to finally come together. Digital Daily had more on that story.

Digital Daily also had more info on the ever-evolving Palm (PALM) Pre story. First, a rumor that Palm plans to launch the handset on June 7–which would be crazy, given the fact that June 8 is both the first day of Apple’s (AAPL) Worldwide Developers Conference and the day that those in the know expect the next-generation iPhone to drop. Then, there’s an assertion by Collins Stewart analyst Ashok Kumar based on supply chain research that Palm has greatly reduced its production numbers. Time will have to tell, though, because Palm certainly isn’t talking yet. Of course, things could be worse. Dell (DELL) hasn’t even solidified plans for its rumored smartphone, and already, no one really cares.

Dell’s new Adamo laptop and Studio One 19 desktop aren’t causing much excitement either. In this week’s Personal Technology column, Walt Mossberg reports that although both machines look good and function well, neither is groundbreaking. In Mossberg’s Mailbox, Walt answered readers’ questions about improving performance on a PC, using peripheral devices with an iPhone and installing Apple’s OS X on a Windows machine. And in this week’s Mossberg Solution, Katie Boehret tested three apps from the iTunes App Store that make it possible for the iPod touch to function like an iPhone.

More next week.