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Apple TV Device Delayed

Apple (AAPL - Get Report) said late Monday that the debut of its Apple TV streaming media device has been delayed.

"Wrapping up Apple TV is taking a few weeks longer than we projected," said Apple spokeswoman Lynn Fox. "We now expect shipments to begin mid-March."

Though greatly overshadowed by the appearance of the long-awaited iPhone , Apple unveiled its Apple TV device at Macworld in January and began taking orders that day. It sells for $299, and was originally scheduled to ship in February.

The device enables users to wirelessly stream videos and music stored on their PCs onto their television sets. Apple TV has a 40-gigabyte hard drive and can also store up to 50 hours of video.

Apple shares lost 10 cents to $88.55 in recent after-hours trading.

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SYM TRADE IT LAST %CHG
AAPL $112.92 2.94%
FB $89.73 2.91%
GOOG $637.61 1.43%
TSLA $242.99 8.07%
YHOO $33.69 3.60%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

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