Is Apple Planning to Launch a New 3G-Capable iPhone in Europe?

| About: Apple Inc. (AAPL)
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After last week's iPhone price slash, Apple's (NASDAQ:AAPL) stock went from $145 to Friday's close of $131.77. The slide in AAPL's stock certainly baffled investors as analysts contended over whether the price slash was a smart move.

Now, there are rumors that Apple has a new product planned in Europe. An advertisement, which suggests that Apple could be preparing to launch a 3G-capable iPhone with T-Mobile Germany, was rumored to have leaked out. The ad claims that this 3G iPhone could be selling for 499 Euros ($687).

Whether or not these rumors will have any direct effect on AAPL's share price is still to be seen. But, I think how AAPL moves next week will largely depend on the overall market conditions.