Apple shares drop nearly 3%, dip below $90 on Mac OS X Leopard delay

Apple Store“Apple’s iPhone is coming — but at a price,” Priya Ganapati reports for TheStreet.com.

“Its much-anticipated music player/handheld device will ship in late June as planned, but the company’s Leopard operating system, a rival to Microsoft’s Vista operating system upgrade, will be delayed, according to Apple,” Ganapati reports. “The Cupertino, Calif.,-based company has had to divert engineering resources to the iPhone and as a result will push the release of Leopard back by at least three months to October, it said in a statement.”

Ganapati reports, “Shares of Apple were recently off $2.45, or 2.7%, to $89.74 in extended trading. During the past week, several sell-side analysts had expected a June release of Leopard to reaccelerate growth.”

Full article here.
Some investors might consider this a nice opportunity.

Related article:
Apple delays Mac OS X Leopard until October 2007, blames iPhone – April 12, 2007

43 Comments

  1. Yup Apple spelled it out clearly. The beta will be fun to play around with plus they will probably have to start releasing dev builds more often after June. With any luck we’ll all be able to get our hands on the GM a few weeks before October. Remember 4K78 anyone?

  2. Hate to admit it but Oops may be onto something. Truth is, there is very little new from Apple since last June.

    I mean, I’m going to buy the large version of the Iphone like many readers of MacDailyNews, but right now, that phone/internet device/widescreen ipod is a non-shipping pre-announced product. We used to call those things Vaporware.

    There were no new mac-s announced at MacWorld 2007, no new softwares, no new networking devices or services so perhaps a sales slowdown and product delays were to be expected.

    I’ve been told that there is tremendous innovation and product coming down the pipeline, but right now, it’s like the bulging buildup in a held pipeline of a bugs bunny cartoon, maybe it will burst forth in the next few weeks, I hope so. I want to be wowed at the local Apple store and with new announcements in MDN.

  3. Yes Oops and Joe Tak,

    Apple should have pulled a Microsoft and shipped a buggy unfinsihed, untested OS out the door and then charged people to test it. Then years later when it was finally done, charged them again for the final version. Yeah I’ll bet Microsoft is having a belly laugh. They were four years late, not four months. By the way Oops, since when do you set the schedules for all those products? I haven’t seen you on any Apple org charts. If you want unfinished products then go buy Vista. If you want a product released when it should be, then sit back and relax and climb the hell down of your high horse.

    Magic word: Truth – And that’s the truth, twppppppph!

  4. Digital Mercenary, you’re missing the point.

    If people were pulled off Leopard to get the iPhone shipping by June, I have to ask why not leave those people on Leopard and ship it on time and slip the iPhone? Since the iPhone was announced back in January–taking up an entire MacWorld keynote–it probably could have been announced later or shipped later.

    No, I don’t want Apple to ship a buggy Leopard. But I do want them to do what it takes to ship an operating system which I use day in and day out and that my business depends on when they said they would. If that means an iPhone or an AppleTV has to slip, so be it.

    There’ve been lots of raving around recently about how Apple is going to retake the enterprise. Well, considering all the other “business” reasons for not buying Apple, add the fact that their computer business now takes second place to their iPod business and they’ve just made it tougher for an enterprise customer to take them seriously. Especially when you consider that the delay until October is going to push it into the next fiscal year for many businesses (which is going to screw up any budgeting done for Leopard).

    I gotta agree with Oops, above. Where’s iLife ’07? Where’s iWork ’07? Are their developers off writing Widgets for the iPhone?

    As a long-time Mac user, I’m used to being treated as a second-class citizen by companies. But I don’t expect that treatment from Apple.

  5. WTF……. Get a Grip People! It’s not going to kill you! Lets all go on a nice vacation to Africa and when we get back, Leopard will be here waiting for you. Unless your so spoiled you get yourself killed by a real Leopard.

    Take a deep breath, Keep your F**king Mouth shut and before you know it Leopard will be here.

  6. @Peter

    Firstly, Apple’s priority is to their shareholders. Secondly, their priority is to ensure that the company is strong enough to keep their customers happy.

    If you look at this unselfishly, you will agree that your business does not “need” Leopard. In fact you don’t even really know what is in it. What you are using today is more than adequate for your needs is it not?

    But Apple, and AT&T, need iPhone. And there are a lot of excited would-be customers for the iPhone who will help make Apple stronger so that they can continue to deliver the reliable, functional, products we need.

    Apple needs to broaden the picture beyond iPod, and they MUST HAVE iPhone to prevent leakage from iPod to music-capable phones.

    And who knows what the contractual arrangements are – perhaps there are big penalties payable to AT&T if Apple can’t deliver iPhone on time…

    Apple is growing very fast. And that is difficult to manage. Too many new employees, too many new markets, too many new stores – it becomes impossible to maintain the culture and quality…

    So, wait for Leopard. I am sure Apple is right and it will be well worth it. And, in the meantime, enjoy the splash that your favourite technology company is going to make with iPhone – a brand new market for Apple, and a product we have ALL been waiting for…

  7. @Oops

    Nothing but waiting?

    TV & Video
    ———
    – Apple TV
    – Lionsgate films on iTunes
    – Major League Baseball highlights on iTunes
    – MGM movies on iTunes

    iTunes Music
    ———–
    – DRM-free music
    – High fidelity AAC tracks on iTunes
    – 2 billion songs sold on iTunes
    – Agreement with Apple Corps
    – Complete my Album

    iPod
    —-
    – 100 millionth iPod
    – New colours for Shuffle

    Networking
    ———-
    – Airport Extreme

    Mac

    – New Mac Pro

    PLUS: New Apple stores opening in various locations, including Rome!

    And its only been 3 months!

    In all of this, do not underestimate iPhone. It is a very complex platform, and it will be a really revolutionary product. I am sure it is stretching Apple’s resources. But you gotta be in it to win it!

  8. EXACTLY. All the iPhone haters still don’t realize that OSX via the iPhone will reach more people in a year (or less) than the Mac has in the last 5 years.

    Despite dropping “computer” from their name, there should be no doubt that Apple is as much a computer company now than they heve been in the past. I think we Mac users have to really start redefining how we view “computers”.

  9. 1. Apple (perhaps even Steve) understands Brook’s Law… or do they? Did Apple make the cardinal mistake of throwing more resources at program development, which is has huge potential at slowing its completion?

    My hope is Brooks law is in effect, and that only de-bugging, “clean-up” & QA was required. If actual OS development or application development has received more bodies for iPhone, count on it not making June either…

    2. Apple runs resources thin, which is completely counter to Redmond, and absolutely the correct way to manage developement, provided Apple did not just mess up the kitchen with 50 chefs!

    3. It shows us that Apple’s first priority is consumer-focused. That is, Apple has truly shifted into a consumer-first company. This isn’t bad, but it does show us where the priorities stand.

  10. I’m probably going to be slammed for this, but anyway…

    Think about this for just a minute about the delay of Leopard.

    A couple of weeks ago there was an link on MDN from a blog that stated that Apple was going to delay the Leopard release to add support for Vista and everyone slammed that idea.

    BUT…

    If part of Leopard will include Boot Camp that will allow running of Windows software on OS X without Windows itself, then there just might be something to this other than just the iPhone issue. Now that would be huge and worth the wait.

    just my 2 cents…

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