The funny thing about voicing an opinion is that sometimes you've just got to eat a little crow, and you can only hope that you have some salt and pepper to help the words go down a bit more easily. I might not have been incredibly impressed with the idea of Apple's (Nasdaq: AAPL ) nano product upon launch in September, but preliminary indicators suggest that it's a hot hit for the holiday season.
According to CNET, Best Buy's (NYSE: BBY ) website showed that it was sold out of both the white and black versions of the music player, and Amazon.com's (Nasdaq: AMZN ) site showed it among the top electronics sellers as well. (Indeed, the list of Amazon's top sellers has quite a few iPods in it.) The 4-gigabyte nano retails for $249, and the 2-gigabyte version sells for $199.
Perhaps I should have eaten my words last month, when an Apple spokesman reportedly said that demand for the tiny music players was "staggering." Better late than never, I suppose.
Rumors of easily scratched nano screens have apparently stopped no one, and the fact that the slimmer, trimmer nano replaced the hot iPod mini -- a gutsy move on Apple's part, many of us agreed -- also did little to deter the public's appetite, it seems. (I was more excited about the recent launch of the video-enabled iPod.)
One thing I'm definitely not surprised about is that the iPod's domination of the portable-music-player market is obviously continuing throughout the 2005 holiday season. Of course, iPod mania has been matched with Apple shares reaching new 52-week highs. There are strong signs that Apple shareholders will be having a happy holiday season this year ... and will be curious what 2006 will bring.
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Alyce Lomax does not own shares of any of the companies mentioned.