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News   - 06/30/2006

Apple Stock Slides As Analyst Predicts iPod Delays

Shares of Apple Computer slip after a Wall Street analyst says the next iPods would be delayed three months or more.

American Technology Research analyst Shaw Wu dropped his price target for Apple stock to $75 a share from his previous estimate of $101, saying that the next-generation iPod nanos and video iPods would both slip in shipping.


What to expect? Are these just rumors?

The iPod nano, which earlier reports had pegged to debut in the third quarter, likely won't appear until the fourth quarter, Wu said in a research note. The widescreen video iPod, meanwhile, may be backed into the first half of 2007 from its anticipated fourth quarter 2006 delivery.

Source: TechWeb    
 
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