Loading...
Symbols:
Authors:

Apple: No 3G iPhone at the WWDC?

by: Zach Bass June 06, 2008 | about stocks: AAPL    

Zach Bass

About this author:
Become a Contributor Submit an Article
  • Font Size:
  • Print

Everyone on the planet is expecting Apple's (AAPL) Steve Jobs to take the podium  as the keynote speaker of the WWDC on June 9th and introduce to the world the much anticipated 3G iPhone. I was listening to Andy Ihnatko on the Apple Phone Show, where he was commenting on 3G iPhone feature rumors. It got me thinking. What if Jobs doesn’t introduce it at WWDC?

There’s a lot of evidence that people have latched onto, convincing evidence, that leads them to a June 9th introduction, like the AT&T (T) memo forbidding employees from taking vacation.

Here’s the scenario that Andy painted…

  • Gene Munster says 3G iPhone in 60 days, but quickly retracts that statement.
  • Doesn’t make sense to release iPhone before other key products, will drown out messages that Apple wants to get out, such as their success with iMacs, converts, Vista failings, etc.
  • WWDC was meant to introduce the new iPhone 2.0 OS, the SDK, App Store and initial Apps
  • The iPhone is a consumer device, this is not the right venue

Andy goes on to say that it is much more likely that Apple will have a dedicated media event later in the month, perhaps even the following week. I think Andy is on to something. How should investors prepare for this scenario? That’s a question I’ll be working out with members of my investor group.

Disclosure: Author holds a long position in AAPL

Related Articles

This article has 17 comments:

  •  
    Jun 06 05:50 AM
    Several of the overseas companies signed up to sell the iPhone stated recently, they will have the 3g iPhone in June or in weeks. So apparently it will be out in June in some timeframe wether or not at the WWDC. With the recent news stories indicating the iPhone is unavailable at many selling points also indicates that a June release of a 3g iPhone is imminent. A story as yours just prior to the supposed release of the iPhone on June 9th questioning the June 9th release leaves me wondering , even though you are long Apple, you have an alterior motive to somehow want the stock to tank. You may be long 10 or 100 shares but others you deal with may be short many more iPhone shares, It's always a possibility. it's always a possibility that a story released right before an event may be written to cause some adverse, positive or negative action to a stock.

    Recently Analysts Shaw WU (Amer Tech) and Toni Sacconaghi (Bernstein) and Travis McCourt (Morgan Keegan) were very negative on Apple prior to Apples Q2 2008 earnings release (what was their motive , no one can be sure but we can surely guess). These analysts caused a tremendous drop in Apples stock share price based on their opions/guesses, some based on no factual evidence, as to what would happen after the earnings release. They bashed the stock and after earnings the stock did remaksbly well. After the Q@ 2008 sales and earnings release Travis MCcourt did a complete turnaround and became positive on Apple as did Shwu Wu , who has raised guidance twice since Q2 2008 earnings release. IMO these 2 analysts should have been positive on Apple all along. Toni Sacconaghi , of Bernstein, has not changed his negative view since earnings and has not been heard of much after earnings. IMO these analysts put out negative reports based sometimes on their own personal opinions and with vague or no not on facts. This should not be allowed if there is no factual basis for an opinion. What I am saying based on Apples historic performance in the last 8 earnings quarters these negative analysts may have had an apparently alterior motive to drive the price of the stock down. Maybe, maybe not! It's just my opinion based on the FACTS. The Facts nothing but the Facts. Do these guy work for or are manipulated by short seller, I haven't confirmed as yet, but I am deligently working on it. Along with other agencies. The time has come for manipulation and fraud to end.

    CC self
    FSS
    SEC
    Congress
    Reply
  •  
    Jun 06 06:12 AM
    you should rename this site "seeking attention"

    regardless of which "day" the phone is announced,it will be announced soon, ask the ceo of at&t or the ceo of telefonica who said back on may 14 there would e a "joint" announcement in a few weeks...this si a simply spin to create panic amongst retail shareholders.

    btw..you should read zach's blog, consistent "double speak" about where the market and apple "might" be heading in the near term; and consistently wrong every time.
    Reply
  •  
    Jun 06 06:13 AM
    You and your counterpart are completely out of your minds if you think Apple will not release the 3G iPhone at the WWDC. You're out of your freaking minds. That's for sure.
    Reply
  •  
    Jun 06 06:13 AM
    You and your counterpart are completely out of your minds if you think Apple will not release the 3G iPhone at the WWDC. You're out of your freaking minds. That's for sure.
    Reply
  •  
    Jun 06 06:40 AM
    The announcement will happen at WWDC and hopefully AAPL will hit $200. that day also.To get your 3G iPhone as soon as it hits the market please visit:seeksomething.com
    Reply
  •  
    Jun 06 08:05 AM
    what a scary possibility .. very unlikely though
    Apple practically pulled the plug o the original iPhone several weeks ago therefore it's safe to bet on a 2.0 announcement on Monday
    and most likely it will be available right away
    Reply
  •  
    Jun 06 08:19 AM
    I'm not suggesting or predicting that the 3G iPhone will not be introduced at the WWDC. What I am doing is cutting through the hype and posing the counter-intuitive question, so that as investors we an be prepared for whatever eventuality.

    When you enter a rose garden with rose colored glasses, your clarity of vision is severely impaired. Take off those glasses and be prepared for any number of scenarios.

    -zach

    NOTE: snosurfer correctly characterizes Technical Analysis from perspective of a position or trend trader, one who buys and accumulates, he's in it for the long haul, regardless of the fluctuations in price. If the 3G iPhone is not introduced at WWDC, it's no big deal, it will be introduced eventually and the stock will rise.

    In his world Technical Analysis (TA) may seem like unnecessary double speak. But to the Swing trader, who is more focused on the ebbs and flows of the market, the daily, weekly momentum moves, the mob psychology that influences the supply-demand balance, are key to managing their positions.
    Reply
  •  
    Jun 06 08:19 AM
    It's a nice dream. I could buy a lot of shares cheap.
    Reply
  •  
    Jun 06 08:25 AM
    your an idiot
    Reply
  •  
    Jun 06 08:27 AM
    $200.00 is a number that must be passed on the way to the real value ---are we there yet---
    Reply
  •  
    Jun 06 08:46 AM
    Jesus Christ, will, ...grammar! "You're" not "your". Telling someone that they are an idiot by using 3rd grade grammar is bad enough, but the fellow's point is useful. We're all hoping for a specific outcome, and those of us who are long on Apple are completely different than those who are not in it for the long haul. Volatility is the one thing you can really count on with Apple, and one false move from our friend, Steve, can mean 30 points down. If you're betting the rent on Monday, you'd better have a plan B.

    Reply
  •  
    Jun 06 09:10 AM
    Apple's stock price and the iPhone 2 release...

    my take: 20smoney.com/2008/06/0.../
    Reply
  •  
    Jun 06 09:25 AM
    Here is what is agitating about your blog and so many like it. As one comment suggested above, it should be renamed, "desperate for attention". You title the blog "Apple: No 3G iPhone..."

    You and I both know this was intended to read as if Apple itself made the comment. You did this to grab eyeballs. If, as you say, you were really trying to pose this as a counter argument for investor consideration, the title could have simply been "What if Apple does not release a 3G iPhone at WWDC?" That would be an honest and fair question and those interested in such a topic could have read it. But know you try to use a deceptive headline as if you have a source at Apple stating no iPhone at WWDC. This is a phase we are going through with the Web, where any hack can write a headline based on a few chosen comments and blow it up like it was actual reporting or intelligent conversation. Every johnnie come lately has a blog and they all write the same "shock headlines" to get eyeballs. The best thing for readers it to note the ones that do it as you have, and just block your site from future visits. This was an absolute joke as is 98% of anything out Seeking Alpha and that is why this site will fail in due time.
    Reply
  •  
    Jun 06 10:45 AM
    I think that you make a fine point. But why is everyone so rude.
    Reply
  •  
    Jun 06 11:12 AM
    Nice attempt to gin up site traffic! Obviously it's an ill conceived speculation. The iPhone is the most important Apple product since the iPod and is likely to surpass Mac income within two years. Apple's hand-held devices will dominate their product line and income for years to come. Of course it's the biggest story of this year and Jobs would not let the speculation become so focused should he not have a 3G iPhone in his pocket Monday.
    Reply
  •  
    Jun 06 11:28 AM
    Zach Bass, shame on you.
    Reply
  •  
    Jun 06 04:36 PM
    That's a good point not to downplay. It's wise to be on guard.
    Reply
More Comments on AAPL ยป
More by Zach Bass

Investment Resources
Money Management 

Research 

Seeking Alpha provides these ads as a service to its leading contributors
Articles on related themes
iPhone 

Cell Phones 

Digital Cameras & Printing 

Digital Home