Hon Hai and Foxconn were also in the news, not for Apple television set chatter, but because Foxconn CEO Terry Gou reportedly made some interesting comments at the firm's annual shareholder meeting on Monday. He suggested that the iPhone 5 will trounce Samsung's just released Galaxy III. Apple could not be immediately reached for comment confirming or denying the existence of the long awaited iPhone 5. Here's what to expect from the iPhone 5
With the iPhone 5 expected to launch later this year, bringing the phone to China Mobile (CHL) would make it a "true world phone," Sterne Agee's Shaw Wu said in a research note. Wu believes the iPhone 5 will have several key upgrades over the iPhone 4S, including a new form factor, a bigger screen, and the ability to run on high speed networks, known as Long Term Evolution (LTE). "One other key feature we are picking up on the new iPhone is that it will likely be a 'true world phone' meaning the ability to work with the world's various 3G and 4G wireless networks. This includes China Mobile's proprietary TD-SCDMA 3G network," Wu wrote in his note. He noted that China Mobile is starting to test LTE in mainland China, having already rolled it out in Hong Kong. Wu rates Apple shares "buy" with a $780 price target.
Shares of Apple were down slightly on Thursday, slipping 0.05% to %585.29. 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