“Shares of Apple were down almost 2 percent on Nasdaq where iPod chip supplier PortalPlayer Inc. shares fell almost 4 percent. SigmaTel Inc., a supplier for iPod Shuffles, saw shares fall almost 11 percent and another supplier, Synaptics Inc., was down almost 2 percent,” Reuters reports. “Early on Monday Creative Technology Ltd., a rival digital music player maker cut its sales outlook for the current quarter to 50 percent growth from a year ago from its earlier expectation for 65 percent to 80 percent growth. ‘If Creative music player sales are soft it infers that Apple sales are soft,’ said Needham & Co. analyst Charles Wolf.”
Full article here.
MacDailyNews Take: Or it could simply imply that nobody wants Creative’s also-ran music players because they all want Apple iPods instead. When GM couldn’t sell Oldsmobiles, did that news drag down Toyota shares?
Apple Computer (AAPL) shares are currently slightly down 11-cents or 0.29%.
Related MacDailyNews articles:
Apple passed 20 million iPods sold milestone in early June – June 24, 2005
Creative Technology shares slide to lowest mark in almost two years – May 18, 2005
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