Resellers both near and afar are reporting signs that Apple's current line of iPod digital music players are on their way out the door, just as one prominent Wall Street analyst restates his claim that a $199 iPod touch is likely to be among the new models that will fill the void.
While checks within Apple's supply chain suggest the company is researching a low-end iPhone design, rumors that such a device will surface this year are overly optimistic, according to Lehman Brothers.
Stocks of some iPod touch models are starting to run low and may be connected to recent promotional announcements, according to one Wall Street analyst, who also notes that the advent of the $199 iPhone 3G will put pressure on Apple to alter its pricing on the high-end media players in the next few months.
The first third-party native iPhone apps may be ready as soon as Apple makes its version 2.0 iPhone firmware available, according to a report. Also, a job posting hints that SingTel won't have an exclusive deal in Singapore, and Lehman Brothers notes that Apple continues to track above expectations for its iPod shipments despite a seemingly weak market.
A new research note by Lehman Brothers calls for an Apple device with an Intel Atom processor within 12 months, and expects the iPhone to reach more than one billion potential customers before the end of 2008.
Global financial services firm Lehman Brothers initiated coverage on Apple this week with an Overweight rating and $195 price target given the company's ongoing share gains in the PC market, potential for open-ended growth with new iPhones, and prospects for groundbreaking new products later this year and next.
American Technology Research on Monday increased its estimates for Apple's soon-to-end second fiscal quarter of 2008 on better than expected Mac growth. Meanwhile, an analyst long covering Apple for UBS has been lured away by Lehman Brothers, where he'll be tasked with a similar role.