Most of the stock analyists are predicting a delay in the forthcoming ipod releases. Evidently, the stuff is just not working the way Apple wants it to.
Here is the article. It is very brief:
Apple Computer Inc.'s shares fell Wednesday to an eight-month low after an analyst predicted a delay in the updated version of iPod.
Cupertino-based Apple's (NASDAQ:AAPL - News) shares closed at $56.02, a 2.46 percent drop, after trading as low as $55.41 during the day. The stock's 52-week range was from $36.12 to $86.40.
American Technology Research analyst Shaw Wu predicted that because Apple switched suppliers, its iPod Nano player would ship in the fourth quarter rather than the third quarter.
Wu also said he thinks the wide-screen video iPod, which was expected to debut in the fourth quarter, will be pushed back until the first half of 2007.
Apple is scheduled to report third-quarter results in July.
Published June 28, 2006 by the Silicon Valley/San Jose Business Journal