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Piper Jaffray holds to doubts on WWDC, iPhone

updated 12:10 pm EDT, Thu June 4, 2009

Piper on WWDC doubts

The high expectations for next week's WWDC gathering in San Francisco may result in disappointment for a lot of onlookers, argues Piper Jaffray analyst Gene Munster. Although no longer talking about a postponed iPhone announcement, Munster notes that even if new hardware is announced at WWDC, it may be unlikely to ship until mid-July, much like the iPhone 3G in 2008. Other commentators have also called for a $99 iPhone, but it is thought that a more realistic low end could be $149.

AT&T may be willing to provide cheaper data plans, but the chances of this happening are said to be only 25 percent.

Munster also proposes that Apple CEO Steve Jobs will not appear during the keynote speech, despite some hopes for a walk-on. The company's demonstration of Mac OS X Snow Leopard could likewise have "limited wow-factor," Munster says, despite the software being nearly finished and ready to launch later this summer. Many features have already leaked to the public.

More pessimistic in one regard is Oppenheimer analyst Yair Reiner, who contends that Apple will the delay the announcement of new iPhones for several weeks. A significant backlog of iPhone 3Gs remains, which Apple may be eager to dispose of. While Munster is persisting with a stock target of $180, however, Reiner is raising his projection from $140 to $160.

by MacNN Staff





  1. MyRightEye

    Joined: Dec 1969



    You're an analyst? And you think Apple will delay a new product because they have plenty of the old model left? You need to stop covering Apple if you know them so poorly.

  1. EternalGuest

    Joined: Dec 1969


    holds to

    I'll give Piper Jaffray something else they can hold to.....

  1. eldarkus

    Joined: Dec 1969



    People who are guessing and speculating might be disappointed? REALLY?? Thanks for the update guys!!

  1. DiabloConQueso

    Joined: Dec 1969


    Stock price

    Well, of course he raised his expected stock price to $160 from $140, seeing as how it hit $140 yesterday afternoon... :/

  1. c4rlob

    Joined: Dec 1969


    Are they blind???

    The WWDC signage shows blatant reference to the iPhone (as well as a hint to something "light"-related). What analyst worth their weekend penny-loafers could think Apple isn't announcing new iPhones.
    Now it's starting to seem like they're deliberately trying to coil-back stock prices for as long as possible.

  1. ggirton

    Joined: Dec 1969


    portable wifi hotspot

    i've been thinking about one of those portable wifi hotspots. It would work with my computer as well as my ipod touch, which then would be equivalent to a phone in many ways.

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