On Monday, it was learned Apple (NASDAQ:AAPL) is developing an enhanced a5 chip and new A6 chip, reports 9to5Mac.com. Citing a purported photo of an iPad 3 logic board and a Apple iOS device processor-naming scheme, the company is developing both next-generation chips. Also, BMO Capital raised its iPhone estimates for Apple, citing the impact of new carrier partners and continued strength in the smartphone market. The firm raised its EPS estimates for Apple and maintains an Outperform rating. Meanwhile, a shipping manifest purportedly from Apple (NASDAQ:AAPL) partner Foxconn hinted the supplier is already readying shipments of the third-generation iPad for retailer Best Buy (NYSE:BBY), according to AppleInsider, citing a report from over the weekend from Apple.pro. Lastly, Apple (NASDAQ:AAPL) told True Knowledge, the developer of an app called Evi that has many of the same capabilities as Apple’s own Siri digital assistant, that Evi will be pulled from the App Store, according to TechCrunch. TechCrunch says that chatter at the Mobile World Congress is that Apple was unhappy with the competition to its own offering from the app.
In Tuesday trading action, nearly 700 stoves with Apple’s (NASDAQ:AAPL) logo were confiscated in Southeast China, reported the Los Angeles Times. Citing Chinese news reports, the stoves were confiscated for safety reasons and not for stealing the Apple logo. Also, Apple’s (NASDAQ:AAPL) upcoming iPad 3 may contain the A5X chip and not the A6, reports AllThingsD. According to BlueFin Research Partners analyst Steve Mullane, Apple’s partner Samsung isn’t equipped to manufacture the A6, which may be a 28-nanometer quad-core chip. KDDI was completing talks with Apple (NASDAQ:AAPL) on a deal to sell the iPad in Japan after the release of the next-generation model, according to The Nikkei. Softbank (SFTBF) currently has exclusive Japanese marketing rights to the iPad model with mobile capabilities, the report noted. Additionally, Piper Jaffray expects Apple to announce a new iPad on March 7, possibly called iPad HD, which will contain a high-resolution retina display, faster graphics and processing, and 4G LTE wireless connectivity. Piper says a new iPad launch in March would likely drive upside to its March quarter iPad estimate of 9M units.
Wednesday, Apple (NASDAQ:AAPL) was reportedly thinking of releasing a 14-inch MacBook Air and could begin mass production soon with an eye on the Asian market, according to upstream sources and reported in Digitimes. An upcoming MacBook Pro (NASDAQ:AAPL), expected to be thinner and lighter, along with the forthcoming Air models are expected to create added pressure on ultrabooks. And, Sterne Agee increased its target on Apple as the firm raised its iPad sales forecast for 2012 to 55M units from 51M units. The firm thinks the likely upcoming iPad refresh will probably help drive higher sales of the device and it maintains a Buy rating on the stock.
On Thursday, Apple (NASDAQ:AAPL) scheduled an event for March 7, where upstream sources indicate they could unveil the 16GB and 32 GB iPad 3, as well as the 8GB iPad 2. Apple (NASDAQ:AAPL) lowered the prices of the 16GB and 32GB iPad 2 by $50, to $449 and $549 respectively, as it prepares for its upcoming iPad 3 launch. With the company still leading its competitors on the technology curve by up to a year, analysts expect consumer demand to rise following the price drop. Apple (NASDAQ:AAPL) has decided to continue moving forward with a proposed streaming TV service in spite of not having made much progress in negotiations with content producers, according to the New York Post. Lastly, Apple (NASDAQ:AAPL) won a ban against some Motorola (NYSE:MMI) Android (NASDAQ:GOOG) devices in Germany, after a judge there ruled that the page turning in the photo gallery app in Motorola’s phones violated Apple’s patents, reported electronista.
Friday, strong sales from Apple (NASDAQ:AAPL) have turned gyroscopes into the biggest revenue generator in the MEMS market in 2011. A summary of media and analyst reports about Apple’s (NASDAQ:AAPL) planned TV point to a device with an innovative design that will cost more than current televisions, featuring a content delivery and subscription model that will upend the cable and TV content industries in the way iTunes disrupted the music industry, Business Insider says in a wrap-up that leans heavily on the work of Gene Munster and Claire Atkinson.
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