iPhone News Updated

Wall Street Trims Apple Estimates on iPhone 5 ‘Delays’

Word that Apple may not release the iPhone 5 as early as ted prompted some observers to talk of a “delay.” Naturally, Wall Street’s sensitive rumor tripwire went into action, the result the start of analysts downgrading estimates for the iPhone.

Piper Jeffries’ Peter Misek Wednesday morning shaved four percent from his fiscal year 2011 revenue projection, telling investors he expects the Cupertino, Calif. company to rake in $103 billion, rather than his previously estimated $106.9 billion. The fiscal year ends September. More dramatic is the analyst’s double-digit refiguring of iPhone shipments.

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Apple WWDC pass prices double on eBay

Even though there’s a chance that no one will get to peep Apple’s next iPhone, tickets for Apple’s World Wide Developers conference sold out as quickly as can be expected.

The last time Apple planned a spectacle event (the iPad 2 launch), Amanda Foote walked away from her spot in line at the Apple store with $900 in her pocket instead of an iPad 2. WWDC is no different, and this time it’s the developers who are cashing in. A number of eBay auctions list conference passes at more than $3,000, with some auctions climbing as high as $4,000 within two days of the event selling out.

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