Analyst: Lost iPhone Has Stolen Thunder From Apple’s June Event

When Apple’s CEO Steve Jobs takes the stage on June 7 in San Francisco, we pretty much know what we are going to get. Between the infamous misplacing of what is believed to be the next-generation iPhone in a Palo Alto bar, and a more obscure incident in Vietnam, Gene Munster with Piper Jaffray said Apple (NSDQ: AAPL) has “little room for surprise” at the Worldwide Developer Conference. Separately, Boy Genius reports that AT&T (NYSE: T) has confirmed to employees that a new iPhone launching in early June.

AppleInsider writes that Munster believes the new phone will have a front-facing camera for video conferencing, better battery life, an improved rear camera and a thinner design. He’s not expecting Apple to announce an iPhone for Verizon or any other U.S. carrier. “Bottom line: WWDC will likely be in-line with expectations, and a non-event for the stock,” Munster wrote, “but the new iPhone will likely drive unit sales beyond Street expectations, providing a positive catalyst for shares of AAPL in the coming months.”

Apple Sets Date For WWDC; Jobs To Also Appear A Week Before