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JP Morgan's iPhone Nano report is rubbish

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Yesterday's report from JP Morgan that Apple is building some sort of slimline iPhone? It's been discredited. By JP Morgan.

On Monday, Reuters leaked news of a JP Morgan report that trumpeted the imminent arrival of a smaller, cheaper version of Apple's new-age smarphone. Kevin Chang, a JP Morgan analyst based in Taiwan, claimed that this super-svelte iPhone would be based on the iPod Nano - Apple's ultra-slim music player - citing unnamed people "in the supply chain" and an application with the U.S. Patent and Trademark office.

Now, less than twenty-four hours later, The Unofficial Apple Weblog has dug up a new JP Morgan report that calls Chang an idiot - roughly speaking. "One of our colleagues in Asia, Kevin Chang, published a note discussing his expectations for a low-end 'Nano' version of the iPhone," reads the new report, from a trio of New York-based JP Morgan analysts, Bill Shope, Elizabeth Borbolla, and Vlad Rom. "We caution that the potential for a low-end, subsidized phone from Apple seems unlikely in the near term."

The New York analysts say that they're unable to confirm the information Chang attributes to unnamed sources and that he's silly to put so much stock in an Apple patent filing. "Apple often publicly files patents that give little information on actual upcoming products," the report continues. They believe Apple will release a 3G version of the iPhone before any kind of nanolicious version. ®

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