Strong demand for iPod mini drives Apple shares up $1.37, 5.4 percent

Apple Computer Inc. (AAPL) added $1.37, or 5.4 percent, to close at $26.87 after saying it would have to postpone the overseas launch of the smaller version of its iPod music player because of unexpectedly strong U.S. demand.

Nasdaq AAPL quote here.

35 Comments

  1. Watch the stock drop tommorrow when they get the rumor that Apple is delaying delivery of new G5s…
    No computers products available from end of quarter to sometime in May…

  2. aapl up because they cannot supply demand? I don’t think so. The entire market had a good day, mostly because the buck got off the floor yesterday.

    MDN, don’t quit your day job.

  3. Just wait until this qtrs numbers of Mac COMPUTERS are released those shares will come tumbling down when Apple announces its now has a firm hold of 1% of the market. you heard it here first. 1 out 100 new machines will be Mac and all the Mac bitches can jump up and down about the BMW of Computers. Not. these numbers will shock everyone but Steve Jobs who will continue pushing G4s.

  4. To “Just wait” – Sweet. Share prices will come down when the quarterly numbers are announced? That’ll be another great buying opportunity for me. Thanks for the tip!

  5. I think people are misreading the ipod news as “good news”. It�s bad news!
    Apple can�t even fulfill its current orders for lack of parts – that�s good news?
    Check out the apple store – delivery time for a silver miniPod is 1-3 weeks (which means in Apple speak twice as long).
    And just wait until they next announce the delay of HP-branded iPods that were supposed to be out about now…the sh%t will hit the proverbial fan. (No mention that I could see on HP site of their iPod.)
    (Add to this all the rumor sites are noting big delays in the new Apple computers….yikes!!!!)

  6. It does suck that Apple delays shipment and keep pushing deadlines…
    They should either make more realistic deadlines (100 million songs, anyone?… Minis for everyone willing to pay 250 bucks, etc) or they should have better manufacturers to make things FAST!!!

  7. Justwait: well investing in the company now, when the masses are following will get me money, and when the stock comes tumbling down after the quarterlies, itll be a perfect opportunity for me to short the stock…..hey, i make money so im happy

  8. No kidding. The reaction to the iPod news amazes me.

    Miss your target. Miss the opportunity to sell a great product to a new market consisting of billions of people.

    Good news, indeed. But the question is… good news for whom?

  9. No kidding. The reaction to the iPod news amazes me.

    Miss your target. Miss the opportunity to sell a great product to a new market consisting of billions of people.

    Good news, indeed. But the question is… good news for whom?

  10. I got in at 20 so am loving this. The bad thing is it is hard to sell the stock since I am emotionally attached to it. I think Apple may have some downticks in numbers as people are waiting for the G5 to spread to other models. I have to admit I am one of these. I am waiting for a G5 Laptop. Apple computers work so well that it is not hard to continue to use an older machine if you have a good reason. With windoze you HAVE to buy a new machine every 2 years or so.

    When Apple gets the G5 out mostly across the board (I think the G4 will live on for a while in the consumer targeted entry level products such as the ibook) you will see a big up turn in numbers. 40% of apples sales were Laptops last year and that was an upward trend. I hope they can get the G5 into the Powerbooks soon.

  11. Jack A: “The bad thing is it is hard to sell the stock since I am emotionally attached to it.”

    REPLY: Plus you have to pay capital gains tax on any profit after you sell.

    Jack A: “With windoze you HAVE to buy a new machine every 2 years or so.”

    REPLY: That gerneralization is not true. I know lots of people with PCs older than 3 years. I�ve even got one – still works fine.
    Since most PCs are bought by businesses they upgrade more often, but usual because of tax write-off and depreciation reasons rather than because the computer does not work (check out all the DEll and IBm computers on eBay that are refurbished from leases).

    I doubt you will see a G5 powerbook until next spring.

  12. unreal…the news hits the streets that the company missed a huge opportunity to make a bunch of money…shares go up 5%?
    Maybe if they gave the new number of units sold on top of the 100,000 we could quantify the increase in price but good god this news could mean that a boat load of ipods fell into the ocean and we won’t be able to meet demand. Meanwhile the competition is moving more units…making more money….investing more in R&D…selling more songs. I mean I hold the stock because I think they are undervalued based of the market potential of the music segment plus the cash alone but c’mon…lets execute here.
    And I don’t want to hear people say that I should get off my butt and try to run a company because I do. And I know what is happening…top to bottom.
    Fix your supply chain problems…throw some R&D money there to get the process more refined. Everybody curses Dell on this website but you know what thats what they are good at…controlling costs and getting the product into the hands of consumers…fast.
    If dell bought Apple for their R&D capabilities and used their own strenghts to get the great products to market; it would be the best $10 billion they ever spent.

  13. Just because the market was up doesn’t mean everyone was up — 3 to 1 winners to losers today on NASDAQ. And since when did “bad” economic news mean stock prices would drop? Wall Street seems to love to hear about increased numbers in unemployment, whether in general or in a specific case of some company slashing its workrole.

    Sure, this latest news can be spun bad. Consumers aren’t getting their hands on the product. Opportunities for sales are being missed. But they can also be spun good. Selling out of a new product holds a lot of promise once they get their production line ramped up. People not bailing, but instead waiting for the product demonstrates the product’s viability. If anyone is buying based on this news, I imagine its because they believe Apple (and Hitachi) can deliver in the future and really aren’t concerned about sales figures today.

    After all, if you’re buying a stock because you think that TODAY this company is at its peak, then you’re jumping into the game way too late.

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