iPhone Nano rumors debunked by JP Morgan

Shortly after JP Morgan analyst Kevin Chang submitted a report about an iPhone Nano in the works, another analyst from JP Morgan motioned to have the said report retracted, saying that the release of a low-end iPhone shortly after the iPhone’s launch “would be unusual, and highly risky.”

JP Morgan’s Bill Shope explains that Apple is now in the process of testing the waters in the mobile phone market, and a premature entry of a lower-end phone unit would affect its credibility and dominance over the MP3 player industry. He further expounds that the current Nano units are doing very well in the market, and there is no need to risk it.

Shope also mentioned that he and his colleagues tried to confirm the channel checks that Kevin Chang cited in his report, but to no avail. However, they found that the speculations regarding a late 2007 release of the iPhone Nano was merely based around a public patent that contained a description of a device equipped with a circular touch control device similar to the iPod Nano.

Well, it does seem that it’s too soon for Apple to release another version of the iPhone this year. But those who are waiting for a more affordable version of the iPhone can be very well assured that there’s one coming their way, what with the iPhone doing very well since its launch date.

Shortly after JP Morgan analyst Kevin Chang submitted a report about an iPhone Nano in the works, another analyst from JP Morgan motioned to have the said report retracted, saying that the release of a low-end iPhone shortly after the iPhone’s launch “would be unusual, and highly risky.”

JP Morgan’s Bill Shope explains that Apple is now in the process of testing the waters in the mobile phone market, and a premature entry of a lower-end phone unit would affect its credibility and dominance over the MP3 player industry. He further expounds that the current Nano units are doing very well in the market, and there is no need to risk it.

Shope also mentioned that he and his colleagues tried to confirm the channel checks that Kevin Chang cited in his report, but to no avail. However, they found that the speculations regarding a late 2007 release of the iPhone Nano was merely based around a public patent that contained a description of a device equipped with a circular touch control device similar to the iPod Nano.

Well, it does seem that it’s too soon for Apple to release another version of the iPhone this year. But those who are waiting for a more affordable version of the iPhone can be very well assured that there’s one coming their way, what with the iPhone doing very well since its launch date.