tuaw.com — JP Morgan has just issued a note retracting Kevin Chang's earlier projection about a near term iPhone Nano. The new report says that the majority of Chang's assumptions appear to have come from a review of the patent that was published last week, adding that a near-term launch of an iPhone-nano product would be "unusual and highly risky".
Jul 10, 2007 View in Crawl 4
thekronzJul 10, 2007
How the f**k would you do an iPhone Nano?!?!?!??! The thing is made so its small, comfortable, and easy to use at the same time. If you make it any smaller you wont be able to push the god damn buttons.
aleksJul 10, 2007
Please correct me if I'm wrong but doesn't Apple have to apply for FCC approval for each model iPhone they release? If that's the case, then expect Apple to pre-announce 6 months in advance for every iPhone model they plan to release. There's not a chance Jobs will let the FCC leak out the details.
neothetaJul 11, 2007
It is interesting to note that Bill Shope, the JP Morgan analyst who issued the retractions is the same Bill Shope who said that the iPhone was a failure because it didn't sell out the first day. JP Morgan has no credibility.
rrittersonJul 11, 2007
Well, if you read the AP story that was linked, it clearly stated it was an analyst's report based on a released patent.The submitter of the article either has no reading comprehension or is desperate to get on Digg.
solidhubrisJul 11, 2007
I was an analyst for a while after college, and we couldn't really shoot our mouths off about anything. If an investment bank the size of JP Morgan has to publicly retract a statement by an analyst, I doubt that analyst will be in the finance industry for much longer. And just so you know, the analysts typically make fairly accurate predictions and guesses (not relatively product-wise) concerning a company's performance which let's investors either get in or get out of an investment. Hence, the field really gets whittled down over the course of a typical analyst's career.If you spend your time forecasting bulls**t, you'll get canned, or reassigned. However, if you're one of the few that can accurately predict the ups and downs of the industry, you're earning potential is fairly sizable. It's not unheard of a first year grad out of NYU Stern or Pace Lubin (my alma mater) to make in excess of 120k plus signing bonus first year, but they get paid according to the ridiculously large amounts of money being invested on their behalf.