- Developer Hamza Sood has uncovered code that appears to confirm rumors the iPhone 5S' (AAPL +1.8%) home button will have a built-in fingerprint sensor.
- Tim Cook reportedly traveled to China this week to meet with China Telecom's (CHA +0.3%) leadership. No details on what was discussed; chances are CHA will be a major buyer of the low-cost iPhone.
- In a "final office action," the USPTO has rejected 21 claims within Apple's pinch-to-zoom patent. Look for Apple to appeal the ruling. In June, the USPTO reaffirmed the validity of a claim in Apple's "rubber-banding" patent after previously invalidating it.
- Leaked photo cases and a BI source indicate the low-cost iPhone will be called the iPhone 5C. "C" is meant to stand for "color," though as BI notes, critics could refer to it as standing for "cheap."
- Sprint sold 1.4M iPhones in Q2, down from 1.5M in Q1 and a year ago. For reference, Verizon sold 3.9M iPhones in Q2, and AT&T at least 3.7M.
- The iPhone's U.S. customer loyalty remains strong. A CIRP survey found 78% of U.S. iPhone owners upgrading to a new iPhone vs. 67% of Android owners buying a new Android phone.