Apple Roundup: iPhone 5, Mountain Lion, Jony Ive (Update 1)
Updated from 11:22 a.m. EST to include AllThingsD article on Apple launch in third paragraph.
NEW YORK (TheStreet) -- The top Apple (AAPL) tidbits from around the Internet include a potential iPhone 5 release date, Mountain Lion is pretty popular, and Jony Ive talks about Apple's near-death experience.
Apple blog iMore is reporting the iPhone 5 is going to be released on Sept. 12, along with the iPad Mini and a new iPod touch, in what could be the biggest product launch in Apple's history.
AllThingsD confirmed late Monday that Apple is holding an event in September, but the nature of the event is unknown at this time. The article does suggest it will be the iPhone, given Apple's history.
The Cupertino, Calif.-based company has traditionally given products their own event. Announcing a new iPad, iPhone and iPod Touch would deviate from this strategy. Last week, many speculated that the new iPhone would be released on Sept. 21. Given the slowdown Apple experienced in iPhone sales in its third quarter, a late September release date would make sense, as it tries to drive sales during the holiday season. Apple could not be immediately reached for comment.Mountain Lion is Apple's newest Mac operating system, and it has already been downloaded 3 million times since its release four days ago. "Just a year after the incredibly successful introduction of Lion, customers have downloaded Mountain Lion over three million times in just four days, making it our most successful release ever," said Philip Schiller, Apple's senior vice president of Worldwide Marketing in a press release. Mountain Lion can be downloaded from the Mac App Store for $19.99, as an upgrade from Lion or Snow Leopard, its previous operating systems.
During an interview about Apple's early days, lead designer Jony Ive talked about how the company's near bankruptcy helped shape what Apple is today. He also said Apple's goal isn't to make money, but rather great products. "We are really pleased with our revenues but our goal isn't to make money. It sounds a little flippant, but it's the truth. Our goal and what makes us excited is to make great products. If we are successful, people will like them and if we are operationally competent, we will make money," Ive said.
Apple shares closed Monday up 1.69% at $595.03. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV