“Shares in Scottish microchip maker Wolfson Microelectronics tumbled on Thursday as the company said its products won’t be used in the new portable music players from a major customer believed to be Apple Inc.,” Steve Goldstein reports for MarketWatch.
“Wolfson said that its chips won’t be used by ‘a major Tier 1 customer’ in the next generation of players to be launched during the third quarter,” Goldstein reports. “Wolfson presently makes chips for Apple’s Pod music player.”
“Wolfson said that even though it won’t be involved in the next-generation device, it ‘continues to have a strong relationship with this customer as an important supplier for other high-growth product areas,'” Goldstein reports.
“Wolfson shares dropped 22% in morning action and are now down 63% over the past 12 months,” Goldstein reports.
Full article here.
Apple’s transition from click wheel iPods to the new multi-touch mobile OS X platform continues unabated.
What on earth could Apple come up with for a “…next generation of players to be launched during the third quarter….”
Put your seat belts on and hang on for a wild ride. Wish I knew how much money to save up.
Wolfson was out-foxed.
@g
Could it be, they were just skunked?
Augh! Apple shares are down almost a whole dollar! SELL ! ! !
Come ON, guys. stock prices are what kind of an indicator for a company’s health? Ditto for market share? Any company can come back – if they have a product and a marketing plan. I’m not saying these people have either, just that it might be a mistake to rush to judgement. Half the time it’s the best thing to do – if a little late – and the other half it’s the reason why so many day traders “Buy High and Sell Low” – squandering their children’s inheritance.
I feel that the maybe English had it coming (well, maybe not all of them). 😮 )
Their press have been too busy biting the hand that feeds them for far too long.
“MDN Magic Word” is ‘method’ as in to the madness.
@ krquet: please note that Scottish ≠English.
Thank you from a person of Scottish ancestry.
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Ouch, krquet, you’re lucky William Wallace isn’t around to hear you say he’s English.
I suppose they expected to get off scot-free.
I then fully retract everything I have stated earlier on this thread with full apologies to everyone Scottish and blame just the pommie bastards out there.
@krquet
Maaaate, unless you are an Aussie or a Kiwi, you ain’t allowed to use the term Pommy …
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and Jonathan Ive is English, so shut your pie-hole krquet.
@nfq
Maybe that’s why I said, “(well, maybe not all of them)” – when I did.
Maybe if you could read things a bit carefully and concentrate less on the pie-holes…