Full link: http://www.thestreet.com/story/11072644/1/apple-iphone-5-could-see-delay-to-fall.html?cm_ven=GOOGLENApple iPhone 5 Could See Delay to Fall
By Scott Moritz 04/05/11
NEW YORK (TheStreet) -- Apple's(AAPL_) iPhone 5 delay could stretch to fall. "This year's iPhone launch is likely to be later, towards the August/September timeframe," Barclay's Capital analyst Ben Reitzes wrote in a research note Tuesday. Concerns about Apple's iPhone 5 missing at the traditional June launch as well as a re-balancing move in the Nasdaq-100 index have been a knock on Apple shares recently.
Reducing Apple's prominence in the Nasdaq-100 to 12% of the index value from 20% has nothing to do with the business of selling sleek gadgets, but it is expected to put some selling pressure on the stock as money managers adjust their Apple holdings to match the Nasdaq-100.
Apple shares are down 7% since an all-time peak of $363 in February. One of the leading worries is that the Apple iPhone has been knocked off its throne by a bunch of new, muscular Google(GOOG_) Android phones.
The dated iPhone 4 and the potentially-delayed iPhone 5 threaten to put Apple in a catch-up mode as rivals release big-screen, super-speedy 4G LTE phones.