Apple Computer’s stocks on Wednesday dropped to their lowest value in eight months due to a Wall Street analyst’s prediction that the Cupertino, Calif.-based computer and electronics behemoth will delay the release of its newest editions of the mega-popular iPod music player, Reuters reports.Apple’s stocks dropped by 2.9 percent to $55.76, following the fall to its season low of $55.41, according to Reuters. Shaw Wu, the analyst with American Technology Research, predicted that the release of Apple’s newest upgraded iPod Nano would be bumped from the third quarter of this year to the fourth, and that the debut of a wide-screen video iPod that was expected in the fourth quarter would be bumped to the first half of 2007, Reuters reports.The drop in stock value comes at a time when various analysts say iPod Nano sales have been slowing and that overall sales of the digital music player will drop in the fourth quarter. In the past, Apple has achieved strong sales due to its regular release of upgraded or otherwise enhanced iPods and related products, but Wu told Reuters Apple’s most recent iPod release was back in October.“The stock has pulled back as the overall tech market has been weak, but there is also a lack of new product momentum. The Nano was introduced last October; it was very strong but it hasn’t done that well, and it is in need of a refresh,” Wu told Reuters. Related Links: French Legislators Agree to Tone Down iTunes Law Apple’s iTunes to Offer Movies for Download? CBS, iTunes to Offer TV Shows for Computers, iPodsCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe