Apple after the bell 05-23-06: candy $0.75, iPod $199

Posted May 23rd 2006 6:43PM by Sarah Gilbert
Filed under: After the Bell, Products and Services, Apple Inc (AAPL)

apple chart 05-23-2006 What's the problem with iPods? Supply has been an issue, with customers and retailers joining together to bicker over that last iPod Nano come holiday time. If Apple has anything to do with it, next Christmas it will be a little easier. That is, if you're a sucker for anything that rolls out of a vending machine. It seems as if there will be 180 of the new Zoom @ Macy's vending machines -- scheduled to stock iPods -- in stores by the fall. I, for one, would much rather buy the new $29 Nike+iPod Sport in a vending machine in one of my fave running spots. Now there's an interesting business plan!

If investors heard about the new vending machines, though, they weren't impressed. AAPL was down 23 cents to $63.15 in the same end-of-day malaise that struck the rest of the market. It's a pity, as AAPL opened extremely strong, up to $65.19 in the first minutes of the trading day on below-average volume.

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