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AAPL Stock: 117.16 ( -1.74 )

Printed from http://www.macnn.com

AAPL falls on fears of iPod overstocking

updated 04:00 pm EDT, Fri June 3, 2005

AAPL falls

Shares of Apple , saying it expects little sequential growth from the company's iPod line.

"I think (the report) is right; there is inventory there, and we are only looking for a flat quarter" for iPod unit shipments compared with the period ending in March, Piper Jaffray analyst Gene Munster said. "But (Apple's) quarter is going to be fine. There will be an upside to revenue and more upside to earnings."

"Today Apple is believed to be sitting on its most significant inventory of iPod shuffles since the player hit the market in February," AppleInsider wrote. "According to reliable sources of information, tens of thousands of iPod shuffles remain idle in the channels this week alongside a good number of iPod photos."

"But it's not just the company's current inventory that is turning heads. Sources say that along with the increase in product availability came a significant decline in the number of build-orders coming into Apple's overseas manufacturing facilities. It's an odd trend with a major Apple event around the corner."




by MacNN Staff

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Comments

  1. MAcAdmin

    Joined: Dec 1969

    0

    overstock happens..

    I personally would not buy before any mac conference just in case new products are introduced. I am sure other mac users feel the same so overstock is not a suprise to me.

  1. lmhaffner

    Joined: Dec 1969

    0

    I love it...

    A year ago the pundits were all aghast at how poorly Apple kept it's iPod stock (esp. the minis). Now, they have too much.

  1. benhur

    Joined: Dec 1969

    0

    5G iPod

    I'm ready to buy my 2nd ipod but if it's still lacking FM and voice recording, well that just sucks. I have no problem buying from another company. I still have my 4G ipod for the iTunes store.

  1. iFrankie

    Joined: Dec 1969

    0

    Whatever

    Apple is damned if they do and damned if they don't.

    Everyone gets upset if they have too little inventory and then start to panic if they have too much.

    It's even more funny that the stock went down based on a story on some rumor site.

  1. SomeToast

    Joined: Dec 1969

    0

    5% stock drop

    Hey... it's not like the information these rumor sites publish ever damages Apple or anything, right?

  1. Saint_Stryfe

    Joined: Dec 1969

    0

    it's time to buy...

    Apple again! It's down on not-so-bad news.

    Rumor site people: Keep it up. Soon Jobs and I will rule this world.

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