Same thing on etrade in Apple stock news:
"Among the gainers, Apple Inc. (
AAPL) advanced almost 3% to $133.88.
J.P. Morgan analyst Kevin Chang said Apple might be preparing to launch a less expensive iPhone near the end of 2007, using a design based on the iPod Nano. He cited a filing with the U.S. Patent and Trademark Office that suggest Apple is developing a cheaper device aimed at younger consumers. See full story..."