NEW YORK (CNNMoney.com) -- Apple said the theft and leak of its new iPhone prototype will have a "huge" negative effect on the company's earnings.
According to recently released court documents, Apple attorney George Riley told a detective in the San Mateo County Sheriff's Office that the leaked images of the phone were "immensely damaging" to the company.
"By publishing details about the phone and its features ... people that would have otherwise purchased a currently existing Apple product would wait for the next item to be released, thereby hurting overall sales and negatively [a]ffecting Apple's earnings," Riley said, according to the detective's affidavit.
The detective said Riley could not estimate exactly how much of a financial hit Apple would take from the incident, but he believed it would be 'huge.'"
Apple demanded an investigation after tech blog Gizmodo bought the stolen iPhone and posted photos of it online last month. On Friday, a San Mateo, Calif., judge ordered documents related to that investigation be released.
Apple did not immediately return requests for comment, but Apple analysts were dismissive of the company's damage assessment.
"It's a bunch of legalese and B.S. from lawyers," said Kevin Hunt, analysts and Hapoalim Securities. "Everyone knew a new iPhone was coming."
Hunt said that Steve Jobs' unveiling of iPhone OS 4.0 in early April -- a week before Gizmodo's leak -- was a big hint that the next iPhone was on its way. He also said Jobs' OS 4.0 run-through served as a better preview for the new iPhone's capabilities, since the images of the new phone didn't say much about what it could do.
Another analyst noted that both of the previous iPhone updates have been introduced at Apple's Worldwide Developers Conference, which takes place in the early summer. This year's WWDC conference is scheduled for June 7, so there shouldn't have been much surprise that a new iPhone would be on its way soon.
"It's a really tenuous argument from Apple, because anyone who follows its introduction behavior knows that new iPhones come in the early summer," said Charles Wolf, analyst at Needham & Co. "This is stricly corporate speak, directed towards creating some action against this kid from Gizmodo."
Kraft Heinz has abandoned its more than $140 billion bid for food and personal care products giant Unilever. But the company, which has Buffett as its largest investor, could still be interested in buying another big supermarket staple. More
It's still not clear whether millions of European Union migrants living in the U.K. will be permitted to stay in the country. More
Some Silicon Valley workers are going public with how their lives are changing under the new President as part of a new project from photographer and oral historian Helena Price called "Banned." More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
Pay yourself first; donate stuff you don't need to charity and remember to claim deductions; finally, cut your recurring expenses. More