Apple Shares Dip on iPod Sales Reports

Discussion in 'Current Events' started by MacNut, Jun 3, 2005.

  1. MacNut macrumors Core

    MacNut

    Joined:
    Jan 4, 2002
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    CT
    #1
    SAN FRANCISCO, Jun 03, 2005 Shares of Apple Computer Inc. slid nearly 5 percent Friday following reports that sales of its iPod digital music player appear to be slowing.

    Investment firm Goldman Sachs said in a report Thursday that it expects shipments of Apple's digital music player to be flat this quarter. Internet news site AppleInsider also reported Thursday that Apple has a glut of most iPod models, especially the recently launched iPod Shuffle.

    In afternoon trading, Apple shares fell $1.80, or 4.5 percent, to close at $38.24 on the Nasdaq Stock Market. The shares have traded between $14.15 and $45.44 over the past year

    http://www.marketwatch.com/tools/qu...={708D0EB8-8028-4678-AC0C-15A0C74E0994}&symb=
     
  2. puckhead193 macrumors G3

    puckhead193

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    NY
    #2
    They need to change the iPod so that people will want these new features. That's what i think they should do
     
  3. dejo Moderator

    dejo

    Staff Member

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    The Centennial State
    #3
    And other reports claim that the stock drop is due to Apple settling the class-action suit concerning iPod batteries. Who are we to believe?
     
  4. mac-er macrumors 65816

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    Apr 9, 2003
    #4
    Thanks a lot AppleInsider.....their report is the one the media and analysts picked up on :)
     
  5. wdlove macrumors P6

    wdlove

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    Oct 20, 2002
    #5
    I see no real concern yet. Apple probably will come out with new features soon that will stimulate sales. The article says that sales are flat, that is better news than decreasing sales.
     
  6. Chip NoVaMac macrumors G3

    Chip NoVaMac

    Joined:
    Dec 25, 2003
    Location:
    Northern Virginia
    #6
    Hard to say ho much the iPod reports had an effect, verses the Intel move. May have been to Apple's advantage that both hit at about the same time. The stock does seem to be on the rebound.
     
  7. runninmac macrumors 65816

    runninmac

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    Rockford MI
    #7
    Ive been thinking it was on the rebound for the past 2 months. It seems to just be sitting in the high 30s.
     

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