Apple (APPL) Inc could come under pressure in early trading today, after a 1% fall in Europe, after the company announced it had delayed the launch of its Apple TV device until Mid-March.
Yesterday, Apple Inc. spokesperson Lynn Fox told Reuters that Apple “will delay until mid-March its Apple TV device for playing computer-based video on television sets. Wrapping up Apple TV is taking a few weeks longer than we projected, and we now expect to begin shipments mid-March.”
Apple did not give a reason for the set-back, having said in January the US$299 Apple TV device would be available this month.
AAPL shares slipped 1.9% in pre-market trading, declining to $86.93 before the opening bell, after closing on the NASDAQ at $88.65.
Related article:
Apple delays Apple TV; expects to begin shipments mid-March – February 26, 2007
Time to buy Apple again! Wonder what the value of Apple is compared to Dell?
Like my grandma always said when I slipped
‘Watch where you’re going-
And quit steppin’ in sh!t’
Looks like it could be a BO day today. And at this particular moment I am not talking about body odour.
This is bull shit. The whole market didn’t shift because of ATV delay. It’s China.
There’s no real news so they’re making it up.
Go play Second Life and forget about it.
The sky is not falling
Trading down on a slip to mid-march? two friggin weeks?
This, too, shall come to pass.
Does that mean they’re gonna go up by 1.9% the day the Apple TV ships?
“Apple did not give a reason for the set-back . . .”
Pun intended, of cores.
Buy on dips.
it’s not just AAPL, all the stocks are falling, Google, Motorola, Microsoft, Sony, Rim, Nokia, Cisco, Palm, all down over 2%.
Sorry MDN, but have you looked at all the world’s MAJOR INDICES?
They are ALL down!
I don’t think one Apple product, arriving a couple of weeks late, is the culprit.
it’s going down very quickly now, what’s happening in china ?
To “Occasional Poster”
You can find apple vs. dell comparison here:
http://quotes.nasdaq.com/quote.dll?mode=stock&page=multi&symbol=AAPL&symbol=DELL&symbol;=&symbol;=&symbol;=&symbol;=&symbol;=&symbol;=&symbol;=&symbol;=&selected=AAPL&FormType;=&kind;=&Leap;=&mkttype;=&sel=multi&userinput;=&x=0&y=0
If that doesn’t link correctly, try this one: http://tinyurl.com/38m5w2
Uh, duh. The WHOLE MARKET is down 124 points. I doubt it has anything to do with a two week delay in Apple TV shipment. Duh.
OK i see, the Chinese stock market dropped 9%, this is some kind of ripple effect: http://news.bbc.co.uk/2/hi/business/6399941.stm
all that because of the Apple TV
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Apple stock down because of a small shipping delay, so everyone picks on Apple. What about Dell, they are going to ship computers without Windows, and ship with Linux. Dell stock should drop like a rock and should Microsoft, why pick on Apple.
MDN’s right this time. AppleTV was delayed by a couple of weeks, and that led Greenspan to predict a recession, which triggered a big Chinese drop. The world followed suit. This is GOOD NEWS. It means that Apple can buy AppleTV parts on the cheap from desperate Chinese exporters. Wheee!
Dave
i think they delayed it to coincide with the release of the new OS. All at once, starting a string of products releases and upgrades leaving the entire product line refreshed for the 2007 holidays