Apple Shares Dip on iPod Sales Reports

[MacNut]

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=

 

[puckhead193]

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

 

[dejo]

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?

 

[mac-er]

Thanks a lot AppleInsider.....their report is the one the media and analysts picked up on

 

[wdlove]

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.

 

[Chip NoVaMac]

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.

 

[runninmac]

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.

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