4G networks

What the iPhone 5's Potential Delay Reveals About Apple

Since debuting the product in 2007, Apple has released new versions of its signature smartphone to U.S. stores in June, with one exception (in 2008). Now, however, the iPhone 5 is set to go on sale in September, or even October. Investors should take great interest in what an autumn product launch might portend about Apple's underlying strategy.

Harbinger Buys a Big Piece of Palm

Palm shares jumped more than 8% in early afternoon trading after Harbinger Capital Partners disclosed Wednesday that it has taken a 9.48% stake in the struggling smartphone maker. For the noted hedge fund run by Philip Falcone, it's another bet in the wireless industry.