Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Apple's iPhone Rollout and Samsung's Fingerprint-Acquisition Fakeout

By

The new iPhones will be in 100 countries by December, and a fake press release from Samsung manipulated the market.

PrintPRINT
Beginning today, Apple's (NASDAQ:AAPL) new iPhone 5C and iPhone 5S will be expanding to 25 more countries, bringing the total to 62. Those 25 countries include Austria, Belgium, Croatia, Ireland, New Zealand, Portugal, Russia, South Korea, and Thailand, among others (you can see the full list here).

Moreover, another set of countries, including Albania, Guam, and Turkey, will receive the new iPhones on Friday, November 1. With the gradual rollouts, Apple looks set to easily hit its goal of new iPhones in 100 countries by December.

Stateside, 5S supply has not been able to meet demand, particularly for the popular gold model. However, if Apple is continuing to release the new phones across the world over the next few weeks, Tim Cook is likely confident that demand can be met (and stoked).

More confusing news is coming this morning from Apple's major smartphone competitor, Samsung (OTCMKTS:SSNLF). According to Killian Bell of Cult of Android, a press release went out this morning announcing that the company has acquired the fingerprint-scanning firm Fingerprint Cards (STO:FING-B) for $650 million. This seems like a natural move as Apple's fingerprint scanner is one of the most-hyped new features of its premium iPhone 5S. However, it seems that the press release was false, as both Samsung and Fingerprint Cards have denied any acquisition.

Samsung has said that the news is "just a groundless rumor," and yet Cision (STO:CSN), a Swedish software company that develops marketing and PR solutions, published the press release this morning. The press release even had quotes from Samsung CEO Kwon Oh-Hyun and Fingerprint Cards CEO Johan Carlstrom that were likely fabricated. It has been suggest that the release was created to manipulate share prices. Indeed, Fingerprint Card's stock price jumped from $53 to almost $80 per share before returning to its previous level once the release was verified as false. Trading has been suspended this morning.

In an authentic press release, Fingerprint Cards said, "The previous press release was not sent by Fingerprint Cards AB. Trading in the share has been suspended. What has happened will be reported to the police and to the Swedish Financial Supervisory Authority."

Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE