Apple Inc. (AAPL) Phablet: Rumor, or Does It Have Legs?

The same story was noted by a second tech site, which just seemed a little skeptical by the name of the device and the expected release date of June. The site noted that Apple Inc. (NASDAQ:AAPL) has not had June as a date for a product release in several years, plus it seems a bit too soon after the release of the iPhone 5 and the iPad Mini (the two closest devices in size to the rumored “phablet”) to be putting out a device of a similar size and nature.

Interestingly, both sites seem to be more on board with the other rumor that Apple Inc. (NASDAQ:AAPL) will be putting out a less-expensive iPhone sometime this year, a that would be consistent with recent comments by CEO Tim Cook that China (and other emerging markets like India and Brazil, we presume) will be an important territory for Apple’s growth – and many feel the only way Apple will make any inroads in emerging markets is by making a smartphone with a much lower entry price that what it has for its current stable of iPhones.

Apple Inc. (NASDAQ:AAPL) ended trading last week at exactly $500 per share, down nearly 4 percent for the week and more than 6 percent in 2013.

What is your take on the latest rumors regardign Apple Inc. (NASDAQ:AAPL)? Does the source of the story have any bearing on the legitimacy of the rumor?  If you had to choose one rumor to believe, which one would you accept – the lower-level iPhone, or the phablet? We’d like your comments below, and start a discussion.

DISCLOSURE: I own no positions in any stock mentioned.

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