Apple's shares drop 5.19% due to Sony's new Walkman

Posted on Wednesday, March 09 2005 @ 0:39 CET by Thomas De Maesschalck
Apple's shares dropped 5.19 percent today as Sony launched a new line of flash-based music players that should compete with Apple's iPod shuffle. The new Walkman from Sony has MP3 support and is a bit more expensive as the iPod shuffle - but they do offer more features such as a color display.

Apple's shares dropped with 2.22 to 40.53 - a 5.19 percent loss.
Sony's shares rose 1.17 to 41.02 - a 4.35 percent gain.

Source: The Mac Observer

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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