Apple Rumor Du Jour: Press Event Tuesday To Kick Off Euro iPhone? (TEF, rated BUY)
Apple ( AAPL ) has reportedly sent out press invites to an event in London next Tuesday (not to yours truly, though — snubbed again) and the feeling is that this will be the unveiling of Apple’s European partnerships with cellular operators for sale of its iPhone. ( MacNN has a pic of said invite here – thanks, guys.) “The consensus is that Apple will announce partnerships with [Telefonica’s ( TEF )] O2 in the United Kingdom, [France Telecom’s ( FTE )] Orange in France, and [Deutsche Telekom’s ( DT )] T-Mobile in Germany,” goes a post on ThinkSecret.com . A story on British pub The Times Online quotes O2’s Chief Executive Peter Erskine as saying Apple is justified in demanding a share of contract revenue from wireless operators, saying, “If sharing revenue brings a bigger pie to the table, then we?ll be happy to share that pie.” The story also says that Vodafone has pulled out of bidding for the iPhone exclusive, feeling Apple’s request for 10% of the contract revenue was unreasonable. The Times says the iPhone is expected to start selling in Europe in time for Christmas. CNet speculates that the European introduction of the phone will lead to the first 3G, or third-generation version of the iPhone, though CNet doesn’t say if it thinks the phone will be 3G in its first incarnation over there. Apple shares today are up .4% at $137.37. Telefonica shares are up 2.37% at $79.36, France Telecom shares are up 1.49% at $31.36, and Deutsche Telekom shares are up .79% at $19.03. Previously: Apple: UBS Ups Ests, Target; Boosts iPhone Forecast , Sept. 12, 2007.