Apple (AAPL): 3G iPhone A Month Out

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By Douglas A. McIntyre Published

One of the things that has kept some consumers from buying an Apple (NASDAQ: AAPL) iPhone is that it only runs on AT&T’s (NYSE: T) 2.5G network. That makes the device’s connection to the internet slow.

Now, the research arm of a major firm, Bank of America, says that the Apple iPhone 3G product will be out in a few weeks. According to AppleInsider "financial analyst Scott Craig points to channel investigations which show an iPhone capable of faster, third-generation cellular Internet access produced in small numbers in May."

The product would not only bring in consumers who want a handset with a faster connection. It could help Apple crack the business market. Most RIM (NASDAQ: RIMM) Blackberry products already have 3G capacity. Apple is targeting the Blackberry as it tries to take a piece of the enterprise market.

A 3G version of the iPhone could boost sales significantly and help Apple’s numbers in the June quarter and beyond. It would be the largest single change in the handset since its release.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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