This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Rumor of the Day: Apple, Verizon Team Up on Tablet

Apple (AAPL - Get Report) will have a tablet computer in time for the holidays, but the company is still mulling how to sell it.

The device, designed as a larger version of the iPod Touch, will have a 9-inch to 10-inch touchscreen and possibly a keyboard, as analysts, industry sources and news reports have outlined.

An initial version of the long-anticipated Apple tablet will be subsidized by Verizon (VZ - Get Report), but Apple and Verizon "won't be as tightly integrated" as Apple's iPhone exclusivity deal with AT&T (T - Get Report), says one source familiar with the companies, who asked not to be named.

Apple has been tinkering with the tablet for nearly two years. The popularity of the iPhone and particularly the iPod Touch have convinced the company that people are enamored with the touchscreens and see the swipe-and-poke, Web-friendly interface as more than just a fad.

The market, however, may not be as ready as Apple is.

Apple's Tablet Will Be an iFlop

With the iPhone hitting its stride, Apple needs a hot new device to carry the next leg of the gadget race. And while Apple will probably have a dazzling tablet, the category has been troublesome for other computer makers like Hewlett-Packard (HPQ - Get Report) and Toshiba.

Apple has been reluctant to introduce the device, which has been ready as a prototype for nearly a year. Initially, analysts thought Apple would aim the tablet at the education market. But as devices like Amazon's (AMZN - Get Report) Kindle have gained some popularity, Apple seems to think this year is the right time for a tablet.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
AMZN $422.87 0.00%
HPQ $33.80 0.00%
T $34.42 0.00%
VZ $50.41 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs