iPhone News Updated

After media reports said Sprint Nextel would carry the Apple iPhone 5 this fall, Sprint would not comment, but its stock value rose sharply.

The Kansas City Star reported Wednesday Sprint stock jumped 10.12 percent or by 33 cents a share to $3.59 after The Wall Street Journal reported a deal with Apple was imminent and that Sprint would handle the iPhone 5 in mid-October at the same time Verizon Wireless and AT&T would have it.

"If you don't have it, for some customers you're not even in consideration" as a network carrier, Rick Franklin, an industry analyst at Edward Jones & Co., told the Star.

However, "Is it a cure-all for all of Sprint's woes? I doubt it," Franklin said.

A spokeswoman at Sprint said the company would not comment on "rumor and speculation." Apple is famously secretive until the last minute about products in development and deals being made.

Industry analyst Donna Jaegers at D.A. Davidson & Co. said, "If it's true that the iPhone is coming, it's definitely good news for Sprint. It might be good for Apple, too," UPI.com reported.

The iPhone was available through AT&T exclusively from 2007 until this year, when Verizon managed to secure a deal with Apple.

A deal with Sprint may affect the company's service program that makes it the last of the big network providers to offer an unlimited data plan, the newspaper said.

"Be careful what you ask for," said Will Power, a telecommunications specialist at Robert W. Baird & Co.

The implication is that data-heavy iPhone owners could tip the scales at Sprint regarding its unlimited data plan option.

[Thanks: http://www.thirdage.com]

Though there are already ways to control your iTunes, the thought of the ability coming straight from Apple is an all new kind of excitement. A remote control application from Apple for the iPhone would allow it to have all sorts of functionality that Apple would not allow a 3rd party application to have. This rumored application, aptly named iControl, could bring iTunes control to your iPhone.

This code discovered from the latest iPhone firmware build sports these strings, which shows some sort of application, or ability to control iTunes from the iPhone. The application would allow you to connect to a local iTunes library. You would have the a ability to stream and control media from the iTunes application. Just like with the Apple TV, this would all be done wirelessly.

Apple would be building a new navigation client for the application. Supposedly it would function much like the Apple TV’s navigation. You would be able to preview and listen to music, podcasts, and even view videos. There is no time frame for when we might see this application. Hopefully it will show up on the new App Store once the new firmware and SDK come out of beta.

[Via TUAW]