apple news/media reports
05/10/2007, 3:15pm, EDT
Thursday, May 10th
Notes from Apple shareholder meeting
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.
Filed under: Apple
,
, 9
,
,
,
,
,

subscribe to comments
for this article
I still won;t look to buy one until the 2nd revision comes out_
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...
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.
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.
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.