Analyst: Apple's next iPhone won't have LTE

Jefferies & Co. analyst Peter Misek believes Apple's (NASDAQ:AAPL) next iPhone introduction in September won't include LTE functionality.

"According to our industry checks, the device should be called iPhone 4S and include minor cosmetic changes, better cameras, A5 dual-core processor, and HSPA+ support," Misek wrote in a research note.

He said that the Qualcomm (NASDAQ:QCOM) LTE chipset Apple would have used "is currently not achieving yields sufficient for inclusion in the iPhone 5." He says Apple was hoping to have the LTE chipsets ready, but was also planning a version without LTE called iPhone 4S.

Misek also believes, based on his industry research, that Apple will likely announce Sprint (NYSE:S), T-Mobile and China Mobile as new carriers. He said Apple will announce distribution deals with Sprint and T-Mobile in time for the holidays. He also indicated that China Mobile could be added in the next year.

For more:
- see this Forbes article

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