Today Walter Shimoon pleaded guilty to leaking details about the iPhone 4 and the iPad.

As a director at Flextronics , a Singapore-based company that supplies Apple with camera and battery components, Walter Shimoon had access to top secret and privy informations of up and coming Apple products.

He is accused of being paid up to $200 per hour to leak insider information to a dodgy group of hedge funds and other  insider experts.

In  Oct. 1, 2009 the FBI secretly recorded his phone conversations, he gave his contact at a New York-based hedge fund called Kingdom Ridge Capital some third quarter iPhone sales figures that wouldn’t be released for another few weeks.

Then, according to his charge sheet, he gave the game away:

• The iPhone 4: Apple, he told his contact, was “coming out next year” with a new iPhone that’s “gonna have two cameras … It’ll be a neat phone because it’s gonna have a five-megapixel auto-focus camera and it will have a VGA forward-facing videoconferencing camera.” Apple announced the iPhone 4 — with its two cameras — eight months later.
• The iPad: “They [Apple] have a code name for something new … It’s … It’s totally … It’s a new category altogether… It doesn’t have a camera, what I figured out. So I speculated that it’s probably a reader. … Something like that. Um, let me tell you, it’s a very secretive program … It’s called K, K48. That’s the internal name. So, you can get, at Apple you can get fired for saying K48.” The iPad — code named K48 — was unveiled four months later.

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