14 DAY TRIAL // Five Star Equities has issued a report stating “Apple has recently announced plans to offer direct mobile service to their device users.”
To save everyone the trouble of rushing over to the Mac maker’s PR section to see if there’s any press releases stating such exhilarating news, we’ll tell you right now that Apple hasn’t announced anything of the sort.
The Five Star Equities report stresses that “Apple will soon provide wireless service directly to the millions of iPhones and iPads already in the marketplace [as] Apple already has the distribution channels and customer base needed to make the move,” citing a certain Whitey Bluestein, veteran wireless industry analyst.
In fact, that’s where Five Star Equities got confused (or wanted to get confused for some free air time).
Whitey Bluestein indeed speculated this scenario at an international gathering of wireless operators. However, Bluestein never said Apple was already pushing such plans forward.
The market research firm continues:
"What has been holding Apple back from becoming a wireless provider already," according to Bluestein, "are the enormous handset subsidies paid by mobile operators (AT&T, VZW and Sprint in the US), which amount to about $381 for each iPhone sold today," Bluestein noted. "That has been a short-term stumbling block for Apple, but the company has its well-known cash reserves and could seize the initiative at any point."
Ironically, Five Star Equities touts itself as a reliable market research company that releases market updates on the Telecom Services Industry on a regular basis “so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns.”
Well, it’s safe to say investors would be smart not to bet on this fresh tip from Five Star Equities.