This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's Mac Mini Gets Maximum Attention

Already struck with iPod fever, Apple (AAPL - Get Report) may now be suffering from some Mac mini mania.

Not that the company necessarily minds.

Only two of Apple's 98 U.S. retail stores had the new cut-price Macintosh computer in stock in recent days, according to Gene Munster, a financial analyst with Piper Jaffray. Combined, those two stores had just three Mac minis in stock, Munster said. Meanwhile, the average waiting list for a Mac mini at Apple's stores has 18 people on it.

Additionally, all of the stores were sold out of Apple's new budget-priced iPod Shuffle digital music player. The average waiting list for the Shuffle was 120 people long, Munster said.

"The majority of stores have no idea when they will receive product," Munster said in a report issued on Monday. "We believe initial demand for the Mac mini and the iPod shuffle has exceeded what Apple had been expecting." (Piper Jaffray has done noninvestment banking services for Apple in the last year.)

Apple's retail stores expect to have "ample supply" of both devices by the end of this month, Munster added.

An Apple representative did not immediately return a call seeking comment.

Apple has garnered the lion's share of the digital music-player market with its iPod series. It has been trying to build on that success both in digital music and in its traditional computer market.

Despite having what many regard to be superior technology to that found on computers using Microsoft's (MSFT - Get Report) Windows operating system, Apple's Macintosh has seen its market share steadily slip away. Analysts have attributed the decline at least in part to the higher prices that Apple charges for its computer line.

With the Mac mini, the company has attempted to remove that obstacle. The minis have a starting price of about $500, making them competitive with budget-priced PCs.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $132.65 0.00%
MSFT $48.03 0.00%
FB $81.91 0.00%
GOOG $555.37 0.00%
TSLA $231.55 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs