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Flying high, Apple nixes rumored netbook

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The headlines from Apple's quarterly earnings call were the company's record quarterly revenue and net profit, despite gloomy retail performance elsewhere. But a couple other items raised eyebrows – and suspicions – around the blogosphere.

Apple chief operating officer Tim Cook squashed fanboys' hopes by pouring water on the notion that the company would release a 'netbook,' citing sacrifices like cramped screens and keyboards, underpowered processors, and poor software performance in such stripped-down models. Also out of the question, according to Mr. Cook, is an entry-level cellphone – which the rumormills had dubbed the "iPhone Nano."

Those declarations had many – including PC World's Daniel Ionescu – calling for fanboys and "analysts" to ditch the rumors and stick to the facts.

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