Apple (AAPL) Drops 4 Percent on Updated iPod Nano/Touch

Tags: AAPL
10 Sep 4:16am
Read original blog entry

Yawn! All that hype for nothing. It was a lose-lose situation for Apple (AAPL: sentiment, chart, options) investors today, as nothing short of "the next best thing since the iPhone" would have lived up to the "special event" status of this not-so-special event. Sure, we were graced with a rainbow of flavors for the new iPod Nano, a redesign of the iPod Touch, and a new update for iTunes, but nothing above and beyond. It makes me think that Steve Jobs is losing his touch ... he's still alive by the way, which every - single - media - outlet made it their duty to point out.

With the health matter finally settled, I am back to stifling yawns over the newest offerings from Apple. Below is a quick rundown of the new iPods and iTunes features:

  • Just like a Hollywood actress, the Nano has gone from thin to fat to thin once again. This time around, however, the littlest iPod comes in a rainbow of flavors - ironically, so do the Skittles I had for lunch. But the iPod's similarities to sugar-coated candy and Hollywood actresses end there. The device has a built-in motion sensor for screen rotation, bigger capacity, but not price change.
  • The iPod touch received a nice facelift, with a new metal case, a built-in speaker, and built-in volume control. The device will also support Nike+iPod built-in. The Touch also gets a price cut, with the 8-gig dropping $70 to $229, the 16-gig shedding $100 to $299, and the 32-gig also dropping $100 to $399.
  • iTunes will be update to version 8.0, with the addition of HD TV shows, accessibility, built in Voice Over, and browsing and Genius. NBC shows also return to iTunes.


Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

SchaeffersResearch

Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.