American Technology Research believes Apple iPhone is coming soon

American Technology Research analyst Shaw Wu has said in a statement that Apple is closing in on the launch of their mobile phone product popularly called the iPhone by the media.

Wu wrote in a note that they believe that Apple has worked out the problems in this product and they might launch it as soon as early next year.

Wu added: “We encourage investors to get aggressive in purchasing shares of Apple prior to the potential revolution of the handset industry.”

The design of such a mobile phone is probably going to resemble the popular iPod range of media players from the company. Wu said that Apple would be releasing this phone in three colors—white, black and platinum.

Wu further mentioned: “There were plenty of skeptics when Apple first launched its iPod MP3 players that ended up revolutionizing an emerging market. We believe there are plenty of skeptics again, but Apple should not be discounted due to its strong brand name, loyal customer base, and obsession with quality.”