The information reports that Apple (AAPL + 0.7% ) works with a custom mobile modem that cites a job booklet and an internal source.
But the source says Apple's modem could take up to three years to get into an iPhone.
Texture: Bloomberg reports that Apple plans to launch its news and magazine subscription Texture early next year. Apple is courting paywalled newspapers and is working on a new display format for magazines that will look more like web-based content. Bloomberg says that the efforts get a "cool reception" from media execs.
Analyst action: Macquarie cuts its Apple target from $ 222 to $ 1