Apple shares continue slide on iPod nano screen issues

“Apple Computer Inc. shares fell more than 4% Wednesday when the company said it would replace units of its new iPod nano, after complaints that screens on the tiny portable music players are prone to cracking and scratching,” Rex Crum reports for MarketWatch. “Apple shares fell $2.56 to $50.88 in afternoon trading on volume that was nearly double the three-month daily average. Earlier, the shares touched $50.70… Apple CEO Steve Jobs took a calculated risk by replacing the best-selling iPod model, called the mini, with an even smaller device. Apple is touting the nano’s small size in its marketing campaign, a move that could backfire if the product acquires a reputation for fragility.”

Full article here.

Apple shares currently stand at $50.77, down $2.67, a loss of 5.00%, on heavy volume of 30,134,454.

Related articles:
Ars Technica: ‘Matthew Peterson, public avenger’ – September 28, 2005
Apple shares fall on iPod nano screen issues – September 28, 2005
Much-ballyhooed iPod nano screen concerns ‘a real but minor issue’ – September 28, 2005
Apple replaces iPod nano cracked screens; handful of units affected, WSJ: ‘barrage of complaints’ – September 28, 2005
Apple responds to iPod nano screen issues – September 27, 2005
iPod nano ‘screen issues’ really just FUD? – September 26, 2005 website alleging iPod nano ‘screen flaws’ hosted on Apple’s .Mac – September 26, 2005 editor: ‘The iPod nano is fast becoming Apple’s next Cube’ – September 26, 2005
Alleged problems surfacing with Apple iPod Nano screen – September 26, 2005
Site reports iPod nano screen failures – September 23, 2005
Thurrott: Apple iPod nano is almost perfect – September 23, 2005
Inside Apple’s iPod nano; how healthy are Apple’s margins? – September 22, 2005
CNET iPod nano review: ‘Sets new standards, stretches boundaries of tech, Apple’s done it again’ – September 16, 2005
The New York Times’ Pogue states iPod’s Law: the impossible is possible – September 14, 2005
Associated Press praises Apple iPod nano, takes swipe at Microsoft WMA-based also-ran music services – September 14, 2005
Apple’s music competition having tough time and the iPod nano won’t help them – September 14, 2005
One of big stars at Microsoft’s PDC show: Apple’s iPod nano; Microsoft reps ‘in awe’ – September 14, 2005
Piper Jaffray: Apple seeing high demand for iPod nano – September 14, 2005
Australian IT: Apple iPod nano ‘a little bar of techno-joy’ – September 14, 2005
Apple iPod nano takes a beating and keeps on beating – September 12, 2005
Apple’s iPod nano: The ‘thin lady’ sings unwelcome iTune to competitors – September 09, 2005
Hands on with Apple iPod nano – September 09, 2005
Mossberg: Apple iPod nano ‘beautiful, incredibly thin, and exceeds Apple’s performance specs’ – September 08, 2005
Apple’s iPod nano will make competitors whimper, Motorola’s ROKR inexplicably bland – September 07, 2005
Tech pundit Enderle: ‘iPod Nano is a hit,’ Motorola ROKR ‘simply doesn’t have enough Apple in it’ – September 07, 2005
Jupiter analyst Gartenberg: ‘the market is going to go for Apple iPod nano in a big way’ – September 07, 2005
Analyst: iPod nano ‘could be Apple’s next home run’ – September 07, 2005
Video of Steve Jobs introducing iPod nano, ROKR iTunes phone now available online – September 07, 2005
Apple’s Steve Jobs predicts ultra-thin iPod nano ‘will become the highest volume iPod in the world’ – September 07, 2005
Apple’s iPod nano will make competitors whimper, Motorola’s ROKR inexplicably bland – September 07, 2005
Apple introduces iPod nano – September 07, 2005


  1. Ride my seesaw. Thats the way things go in stockland. It’ll go up again, don’t sweat it. The people that throw their stocks away at the first sign of a (imagined) problem are just nervous little fidgets.

    mw: develop as in monkeyboys mantra lol.

  2. The stupidity of the – mainly – American investor.

    Apple is likely to lose a massive $400,000 replacing the defective iPod nano units, I reckon around 0.1% of 2 million units = 2000 units @ (let’s say) $200.

    And the market has bailed to the tune of around $1.75 billion according to my loose mental arithmetic.

    Sounds like a buying opportunity to me.

  3. * Problem affected a tiny faction of a percent of buyers

    * Problem already solved and won’t affect any more buyers

    * Replaced for free for those affected

    * Apple responded quickly in identifying the flawed component and keeping the public informed–kudos

    * Only a fraction of shoppers heard about the rumored problem anyway

    * Apple was going to sell every player they could crank out no matter what, anyway

    * The reviews are great

    * The holiday shopping season hasn’t even hit yet

    * So…. wait for it! …Apple is doomed! ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

  4. This is another buying opportunity. People who are selling on this news deserve to get ridden out of town (the stock trading kind). Well, that just leaves more for the rest of us.

    But it just goes to show the state of “journalism” in this country, when the press acts to perpetuate and inflate practically non-existant issues as if they were verified, widespread fact. It’s funny to see the press rely on the “other guy” to do the verification and assume when something is published, it must be true. Then they go around contratulating themselves for being “on top of the story.” What a joke!

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.