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An Apple A Day: Rumors Confirmed!

Today we learn that Apple (NASDAQ:AAPL) has asked a supplier to ship iPhone 5C and iPhone 5S in early September. The new iPhone 5S is expected to have a new A7 chip and fingerprint reader.

So what impact would this have on Apple’s fourth quarter earnings? For one, the cheaper iPhone might make a big splash in emerging markets like China. People who were waiting to upgrade the their old iPhone would begin to do so. All in all, I don’t expect this to have a major impact on revenue, I have been saying this over and over but they need a new product. The company needs to introduced a product that would change the world like the iPhone did and like the iPad did.