iPhone Rumor Gnaws at Apple

Chatter about a possible delay in the anticipated launch of Apple's (AAPL Quote) iPhone spooked shares of the computer company Thursday.

Apple stock recently shed $1.79, or 2%, to $88.04, but it was off as much as 2.7% earlier in the day.

"Based on our checks, we believe the timing of Apple's iPhone commercial launch is around late first quarter 2007 to early second quarter 2007," CIBC World Markets analyst Ittai Kidron wrote in a Thursday note. CIBC does and seeks to do business with the companies it covers in its research reports. ...