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CNN Live At Daybreak
Apple Set to Unveil Cheaper Version of iPod
Aired January 05, 2004 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Did Santa forget to bring you that iPod this year? Well that's OK, because very soon you can buy one for a lot less cash.
Carrie Lee, tell us about that.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well this is what a lot of people are expecting today, Carol. "The Wall Street Journal" reporting that Apple is expected to announce a new iPod that costs a lot less than the basic $299 entry model version that holds up to 2,500 songs. Analysts believe Apple could price this new iPod as low as $200, hold 1,000 songs and still make money on it.
Now this is a far cry from Apple's top of the line $500, 10,000 song version, but it could behoove Apple to lower the price point, lower the capabilities and try to grab more market share here. Apple declined to comment officially, but this deal is expected to be announced at the Macworld Conference this week in San Francisco.
And remember, of course, Carol, Apple sells a lot of songs for 99 cents on its iTune site. So the more customers they have, the more people will be using the site. You get the idea here. Building the customer base that's what it's all about.
COSTELLO: Understand. Quick look at the futures.
LEE: Things are looking pretty weak this morning. The continued weakening dollar certainly weighing on some investor's minds. We saw a pretty nice rally yesterday. The Dow up over 130 points. The Nasdaq leading the way higher, up just over 2 percent. But it looks like we're going to see some selling today.
Starbucks, though, could be a nice gainer. The stock was up over 2 percent last night, raising its guidance for the final three months of the year, as well as for the full year. We are becoming increasingly a caffeinated society and Starbucks continues to win.
COSTELLO: So have another latte. Thank you, Carrie, we appreciate it.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired January 5, 2004 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Did Santa forget to bring you that iPod this year? Well that's OK, because very soon you can buy one for a lot less cash.
Carrie Lee, tell us about that.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well this is what a lot of people are expecting today, Carol. "The Wall Street Journal" reporting that Apple is expected to announce a new iPod that costs a lot less than the basic $299 entry model version that holds up to 2,500 songs. Analysts believe Apple could price this new iPod as low as $200, hold 1,000 songs and still make money on it.
Now this is a far cry from Apple's top of the line $500, 10,000 song version, but it could behoove Apple to lower the price point, lower the capabilities and try to grab more market share here. Apple declined to comment officially, but this deal is expected to be announced at the Macworld Conference this week in San Francisco.
And remember, of course, Carol, Apple sells a lot of songs for 99 cents on its iTune site. So the more customers they have, the more people will be using the site. You get the idea here. Building the customer base that's what it's all about.
COSTELLO: Understand. Quick look at the futures.
LEE: Things are looking pretty weak this morning. The continued weakening dollar certainly weighing on some investor's minds. We saw a pretty nice rally yesterday. The Dow up over 130 points. The Nasdaq leading the way higher, up just over 2 percent. But it looks like we're going to see some selling today.
Starbucks, though, could be a nice gainer. The stock was up over 2 percent last night, raising its guidance for the final three months of the year, as well as for the full year. We are becoming increasingly a caffeinated society and Starbucks continues to win.
COSTELLO: So have another latte. Thank you, Carrie, we appreciate it.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
