Barclays Capital analyst Ben Reitzes this week re-launched speculation concerning Apple’s plans to diversify its iPhone line with the introduction of a less well-featured ‘iPhone nano’, but not until Q3 2009 at the earliest.
In a note to clients despatched this week Reitzes cut his earnings projections on Apple to reflect the globally-depressed market – but insists there’s plenty of vim and vigour left to Cupertino in the months to come.
The analyst also speculated Apple may plan to introduce a cheaper entry-level iPhone to widen its addressable market. The speculation suggests the new device will be like an iPod, but won’t have the capacity to download and use App Store applications.
Apple’s iPod plans took a hit last night when a New York judge banned newly-recruited team leader, Mark Papermaster, from taking employment with the Cupertino company.
Apple this week announced it had hired Papermaster away from IBM, where he led that company’s server operations. Papermaster is to replace Tony Fadell (who resigned Apple this week) as head of Apple’s iPod group. (Senior Vice President of Devices Hardware Engineering).