“Shares of Creative Technology, whose products compete with Apple Computer’s iPod, fell to their lowest in almost two years on concern demand is slowing for its digital music players. The shares fell 3.6 percent, or 50 Singapore cents, to S$13.30 (HK$62.51) at the close in Singapore. The stock has fallen 45 percent this year, compared with the 4.2 percent rise in the benchmark Straits Times Index,” Andrea Tan reports for Bloomberg News. “In the three months ended March, Creative products stayed in the company’s warehouses for an average of 138 days before being shipped to customers, according to Bloomberg data, 1.4 times longer than a year earlier.”
Full article here.
MacDailyNews Take: Excuse us for not commenting, we’re enjoying a Zen moment while listening to our iPods.
Related MacDailyNews articles:
Apple squeezes and Creative’s profit plunges 72-percent – April 23, 2005
Apple iPod pressure forces Creative to drop prices on music players – March 01, 2005
Creative’s self-declared ‘MP3 player war’ against Apple isn’t going very well – January 20, 2005
Creative CEO: Apple iPod shuffle ‘a big let-down, worse than the cheapest Chinese player’ – January 12, 2005
Creative declares ‘war’ on Apple iPod, shoots for 40% market share of MP3 players – December 21, 2004
Creative Technology declares ‘MP3 War’ against market-dominating Apple iPod – November 17, 2004
Mossberg: Dell, Rio, Creative ‘iPod mini killers’ lag badly behind Apple iPod mini – October 27, 2004
Creative pushes to become ‘Pepsi’ to Apple’s ‘Coke’ in digital music player market – August 07, 2004
Sim Wong WHO?
People work at/for these companies. It isn’t wrong to feel compassion.
And on another level, having more than one viable company in any given market (i.e.: competition) is what drives a great company to make even better products. Lack of competition can make a once great company produce utter dreck (i.e.: Microsoft).
And yes. Microsoft once was a great company. They were able to write a full-featured version of Word (including print preview!) that fit on a single-sided floppy and ran in a 128K memory space along with the Mac system.
Say what you will, but that was damn fine coding. Unfortunately, the current version of Word is bloated beyond recognition. I will not allow it, or its Office brethren, on my computer.
Apple’s competitors can bite me. I hope they all go under. Why? Because I’m a vicious Mac-zealot? No, because, even after all this time, none of Apple’s competitors seem even the slightest bit interested in making their products work with the Mac. I’m pretty sure the competitor MP3 players can be made to work, but the services they support won’t.
Let someone come out with another download service that works on a Mac. Then talk to me about “competition”.
Some of us say we should feel compassion for these companies? why I mean all the years apple was supposed to go under and all the ridicule that comes with being a mac user? yea right. What about you guys work on toys and it’s only does design work or other silly things of that nature. Or did u you forget what was said about the shuffle when it came out by Creative’s president or whom ever it was?? It’s hard to feel compassion for a company who was wishing for you own doom. I mean it’s like me, getting in a fight with someone trying to beat the crap out of me cuz I’m so damn handsome, but loses. Do you think I’m going to care if he has to go to work the next day with a black eye? not really, lol. I argee that competition is good when the company @ least respects it’s opponents instead of putting it down before it puts up half a decnt fight.