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.