A Piper Jaffray analyst warned yesterday that Apple's European iPhone launch "may be delayed".

Gene Munster claimed the planned European wide roll-out later this year may face problems. "European wireless carriers are citing strict terms of the partnership with Apple," Munster said.

"To a certain degree, this sheds an interesting light on the AT&T pact, implying that it is favorable towards Apple." Munster speculated Apple's agreement with AT&T might involve handset subsidies and a generous revenue sharing plan. The analyst also suggested a new redesigned iMac could be revealed "by September".

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