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Notes from Apple shareholder meeting

updated 03:15 pm EDT, Thu May 10, 2007

Analyst: iPhone on time

Apple today revealed at its annual shareholder meeting that its iPhone is on track to ship in June as planned, and hinted at iTunes video rentals at an unknown future date, according to Piper Jaffray senior analyst Gene Munster. "There have been some rumors suggesting that the iPhone could be delayed," Munster wrote in a research note. "CEO Steve Jobs confirmed iPhone will be in the market next month (June)."

Munster expects to see iTunes video rentals some time in 2008, but said he doesn't expect a stock split in the near term.

"We do not expect a stock split in the next several months (previously we were expecting the company would split the stock)," the analyst wrote. "Apple may be adopting a more Google-like approach (i.e., not-splitting shares and allowing the stock price to move out of historical ranges)."

Additionally, non-AT&T subscribers will need to move to AT&T on their own with no "buy-out" for purchasing an iPhone, according to Munster.




by MacNN Staff

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Comments

  1. vasic

    Joined: Dec 1969

    0

    Video rentals

    Finally, someone at Apple has at least hinted at introducing video rentals. It has been said before on these forums; people don't want to buy episodes of 'Lost' (in 640x320) they missed last night on TV. Make rentals cheap (say, $0.50) and everyone will go renting videos. TV and movie sales would probably drop significantly, but overall, I'm convinced that revenue would go up dramatically.

  1. UberFu

    Joined: Dec 1969

    0

    iphone...

    blah blah blah.....

    I still won;t look to buy one until the 2nd revision comes out_

  1. jhawk95

    Joined: Dec 1969

    0

    Uberfu Shuberfu Kung Fu!!

    Who asked for your 2-cents? No one cares if you don't buy an iPhone. Anyways, that just ensures there will be one for me to buy on Day One.

  1. ADeweyan

    Joined: Dec 1969

    0

    Hmm.

    Say, didn't Steve Jobs say there would be no delay in the launch of the AppleTV just a couple of weeks before it was delayed?

  1. QualleyIV

    Joined: Dec 1969

    0

    re: video rentals

    @vasic

    Mark my words, Apple isn't going to start renting TV shows. If they rent, it will be Movies. As far as TV shows are concerned, I think the fact of the matter is that they're selling pretty quickly--just look at the numbers that Disney announced a few days ago. Oh, and I for one have ABSOLUTELY no problem paying $2.00 for the episode of Lost that I missed last night, especially when it's commercial free...

  1. LouZer

    Joined: Dec 1969

    0

    Wow!

    Talk about useless notes! After the AppleTV non-delay delay, Jobs saying it will ship next month means nothing (and will it really ship, or just kind of ship, where each Apple store and Cingular store gets one or two and that's it).

    Video rentals are a no brainer, esp. considering that Apple must realize movie sales aren't getting any better (nor is there reason for them to get any better).

    And no special deal to get an iPhone? Who'd a thunk it! Esp. since no one offers special buy-out offers for their phone. And with the iPhone supposedly being in such high demand, why should they?

    And uberfu, stop saying you're not buying one. People here only want to hear great things about Apple, so only tell us when you're buying five or six of them.

  1. Fast iBook

    Joined: Dec 1969

    0

    Rentals...

    Are for vacations and road trips. Keep media simple by offering it for sale high quality ad free for cheap. I want to own my media, not rent it. I have not rented a dvd or vhs in a year and a half, i don't want it to be the only option. Having buy or rent as an option would be a far better way to do it. And yes, the second revision of iPhone will have 3G, but who needs 3G when you can use wifi? Obviously you ca't have wifi everywhere all the time, but i'm pretty sure my fiber connection is faster than any cell phone network based connection. I plan on getting the first revision iPhone the day it is released, and getting, if i want it, a second revision model 6 months later (yes, att/cingular does let you do this). I should be in NYC that day for a meeting. I'll be coming home with one.

  1. sammaffei

    Joined: Dec 1969

    0

    Renting / Option to Buy

    I think the best model would be renting with the option to buy. If I like the movie, after renting it, count my rental against the pruchase price. That's the optimal situation, but studios will never go for that because they want you to rent the movie and then buy it for full price.

    Apple TV would be worth it if the Hard Drive was biggger, Apple would actually have HD movies for purchase, and it didn't require a computer to purchase movies (a store interface was in the box). Otherwise, it's still just a toy.

  1. notehead

    Joined: Dec 1969

    0

    tv show episodes?

    Why pay even 50 cents for that episode of Lost, when you can catch it the next day on the broadcaster's website for free? Surely, the rental strategy could only be applied to movies.

    Regarding a stock split: do it. Split the stock. Or at least give a solid explanation for not doing so. As a stockholder, I'd rather see the stock split happen before the iPhone is released because I expect it to continue to head slowly but steadily upward for the next year or so.

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