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 Next Big Thing

With iPod shipments coming in lighter than expected, other digital music rivals and companies that supply parts for the iPod also took it on the chin in after-hours trading. In recent trading, shares of PortalPlayer (PLAY) were off $2.11, or 7.8%, to $24.89; Sigmatel (SGTL) shares were off 8 cents, or less than 1%, to $13.61; and SanDisk (SNDK) shares were off $1.82, or 3.5%, to $50.10.

At least with PortalPlayer, the selloff might be a buying opportunity, said the second portfolio manager. Some 90% of PortalPlayer's sales are tied up with iPod products, and the company will likely benefit from the demand for the nano, he said.

While Apple's iPod shipments may have disappointed bulls, the company's results were nothing to scoff at. iPod shipments might not have been as high as some were hoping, but they still rose 5% from the company's third quarter and 220% year over year.

Meanwhile, the company's line of Macintosh computers posted strong sales as well, with unit shipments up 5% sequentially and 48% from the fourth quarter a year earlier.

And thanks to strong sales from its retail stores, overall revenue rose 4% sequentially from its third quarter and 48% year over year.

4 of 4

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
DELL $0.00 0.00%
AAPL $130.28 0.00%
HPQ $33.26 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs