<< Read Full Article
<< Read Full Article
Apple Says iPod Minis Flying Out the Door
Apple(AAPL Quote) rose in Thursday's premarket session as investors decided that its gross underestimation of demand for the iPod Mini digital music player validated a controversial pricing decision.
According to Apple, demand for the trimmed-down, fauvist version of its coveted mp3 device has been "much stronger than expected" since it started shipping in February, "far exceeding the total planned supply through the end of June." As a result, the company pushed back the worldwide availability of the product to July from April so it can boost manufacturing.
On the Instinet premarket session, Apple shares were recently up 56 cents, or 2.2%, to $26.06. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet