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December 5, 2020 
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Next iPod nano to be delayed?

Posted on Thursday, June 29 2006 @ 00:46:07 CEST by

An analyst from AmTech claims the new 4GB and 8GB models of Apple's iPod will likely be delayed.
In this morning's report, Wu says it's likely that the higher-capacity Ipod nanos will be released in the fourth quarter of this year rather than the third, skipping over the critical back-to-school season when Ipods have traditionally seen sales peaks. Share prices for Apple immediately took a nosedive, falling by 3% in value by mid-afternoon to about $55.68, and refusing to level off.

Apple's move from PortalPlayer to Samsung was first revealed by the losing party itself, which lamented the loss of business during a conference call last April. Apple's 2005 selection of PortalPlayer as a multimedia processor supplier for Ipod was heralded as a contract that could put the small, San Jose-based ASIC manufacturer on the map. Without Apple as its key customer, PortalPlayer has had to drastically scale back its operations, announcing earlier this month the termination of 45 employees - 14% of its workforce - as it struggles to provide integrated multimedia chips to customers such as Acer and Asustek.
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