“PortalPlayer Inc. shares posted a second day of gains Tuesday following a spate of upbeat signals for the chip maker’s growth prospects,” The Associated Press reports. “With demand surging for Apple’s newest player, the iPod Nano, analysts are optimistic that PortalPlayer will continue reaping benefits as a key supplier to Apple. In the second quarter, PortalPlayer swung a profit on nearly quadrupled revenue.
“In a research note published Monday, Thomas Weisel Partners analyst Jason Pflaum raised his profit and revenue estimates for the company, citing an earlier-than-planned worldwide Nano launch and strong adoption trends, as well as continued expansion in the fledgling media-player market,” AP reports. “Adam Benjamin, a Jefferies & Co. analyst, also said Monday that his checks indicate production started last month on a video iPod using PortalPlayer chips, and could be launched soon with strong sales expectations.”
Full article here.
Yesterday, UBS Investment Research Analyst Ben Reitzes noted in a research note to clients that an Apple handheld device capable of video playback could be in the works. In July, the Wall Street Journal – which correctly predicted Apple’s move from PowerPC to Intel-based Macs earlier this year – reported that Apple was in discussions with major content providers regarding licensing video content for a video-capable iPod due in fall 2005.
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Apple adds video to iPod trademark – August 03, 2005
Video iPod? Does The Wall Street Journal have a ‘Deep Throat’ inside Apple Computer? – July 25, 2005
Disney CEO Iger meets with Apple, Pixar CEO Steve Jobs to discuss distribution deal, video iPod – July 22, 2005
NY Post: signs point to Apple’s iTunes+iPod video plans – July 19, 2005
Report: Disney considers teaming with Apple to deliver iPod video content – July 19, 2005
More info about Apple’s reported iPod+iTunes video talks – July 18, 2005
WSJ: Apple in video iTunes talks, may unveil video iPod by September – July 18, 2005
Cringely: Apple working on HD movie download service and Video iPod – July 15, 2005
Report: Apple Computer to launch ‘Video iPod’ by 2006 – April 11, 2005