This Day On The Street
Continue to site
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

Apple to Announce New Mac Mini: Rumor (Update 2)

Updated from 11:04 a.m. EST to iPad Mini invite in the second paragraph.

NEW YORK ( TheStreet) -- The event Apple (AAPL - Get Report) is reportedly holding on Oct. 23 isn't just about the iPad Mini anymore. It's a product refresh of immense proportions.

Earlier Tuesday, Apple sent out invitations for the event, with the tag line "We've got a little more to show you." TheStreet will be attending the event live, which will start 1 p.m. ET at the California Theater in San Jose, Calif.

On top of Monday's rumor that Apple would be announcing a new 13-inch MacBook Pro with Retina Display comes a rumor Tuesday that Apple will refresh its popular Mac Mini computer at the event as well. Apple blog 9to5Mac reported the news, citing sources.

Apple will reportedly announce three different models, two with different storage and chips, and a third one that runs Apple's OS X Server. It is expected that the new computers will ship immediately.

Mac Mini

Click here for more info.

Apple has had an exceptionally busy 2012, and a refreshed Mac Mini would only add to that. From new iPhones, iPads to new MacBooks, 2012 has been perhaps Apple's busiest year ever, when it comes to product refreshes.

Jefferies analyst Peter Misek believes there's a chance that a new version of iTunes will also be unveiled during the presentation, one that's integrated with Facebook (FB - Get Report). He rates Apple "outperform" with a $900 price target.

The Mac Mini has been almost an afterthought in the Mac maker's computing line, with the MacBook Air and MacBook Pro receiving the majority of media attention. Apple does not breakdown by line how many computers it sells, but Apple sold 4 million Macs during its fiscal third quarter, an increase of just 2% year over year.

Apple is also set to report fourth-quarter earnings on Oct. 25, in what is shaping up to be a busy week for the tech giant.

Apple shares are higher in early Tuesday trading, gaining 1.94% to $647.07.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs