Here is today’s Apple Inc. stock news and AAPL rumors for Friday, July 16. Apple Inc. (AAPL) goes on the offensive in the aftermath of Consumer Reports’ review bashing its iPhone 4 and antenna problems, announcing a press conference later today. Apple also updated the operating system of both the iPhone 4 and the iPad today. Finally, a new MacBook Air might just join that rumored new iPod Touch this September:
Apple to Hold iPhone 4 Press Conference on Friday: It’s about time. Rather than continue to offer up lame duck solutions to the iPhone 4′s notorious antenna problems, AAPL has announced that they will hold a press conference to directly address the issues plaguing their new smartphone. It is assumed that Apple will announce a detailed plan that will solve consumer complaints with the recently released device. Analysts predict that Apple will either provide free protective cases to existing iPhone 4 owners, set up a plan to replace or repair launch iPhone 4 devices, or even announce a costly recall of the device. Apple is also expected to announce that future manufacturing runs of the smartphone will include a non-conductive coating applied to the device casing in the hopes of easing reception issues. Whether the press conference will be enough to allay AAPL shareholder fears that developed following a 4% dip in share price earlier this week remains to be seen. The press conference will be streamed live online starting at 10 a.m. PT on July 16.
Apple Set to Release 11.6-inch MacBook Air: Get ready to see a whole host of new AAPL products ready for the back to school season. DigiTimes analyst Mingchi Kuo says that Apple will release a brand new, smaller version of their MacBook Air laptop computer in August or September. The new MacBook Air will sport an 11.6-inch screen and the low voltage Intel Core processor. Kuo points to discussions with component makers as evidence of the new laptop’s impending release. The new MacBook Air will be joined by the rumored new iPod Touch, which is said to be launching in the same window. The new iPod Touch will feature a 3-megapixel camera and other features to bring the media player more in line with the iPhone 4.
Apple Releases iOS Updates for iPhone 4 and iPad: Following up on their promise for a patch, AAPL has released an updated version of the iPhone 4′s operating system. iOS 4.0.1 features just one major fix, namely a corrected formula on how many signal strength bars display on the iPhone 4′s screen. Apple announced in a message on their homepage that said formula was at least partially responsible for the iPhone 4′s reception issues. The new formula in iOS 4.0.1 is based on the one used by AT&T (T) in their other phones. Apple has also released an update to the iPad’s operating system. iOS 3.2.1 is a bit more robust than the iPhone’s update, including improved Wi-Fi connectivity, a fix for an issue that caused video playback to freeze, and improved video-out when using a VGA adapter among others. Apple has been promising to address the iPad’s Wi-Fi connectivity problems since just after the device’s launch, a possible indicator that it may be some time yet before we see a permanent solution to the iPhone 4′s reception problems.
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