SAN FRANCISCO (AP) — Shares of Apple Computer (AAPL) fell more than 4% Friday on reports that sales of its iPod digital music player appear to be slowing.
Investment firm Goldman Sachs said in a report Thursday that it expects shipments of Apple's digital music player to be flat this quarter. Internet news site AppleInsider also reported Thursday that Apple has a glut of most iPod models, especially the recently launched iPod Shuffle.
AppleInsider quoted unidentified sources who said that shipments of most iPod models are "flat or declining" for the first time since the device was launched in 2001. The report also said Apple was overstocked in some models of personal computers and other products.
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USA Today
Jun 4, 2005, 07:27 AM
