Warning bells sound over Apple iPod sales

Apple's shares fell more than 17 per cent in regular trading yesterday before recovering slightly to trade 10.65 per cent lower by market close, as analysts expressed concern over weaker iPod shipments than had been hoped for. Apple said on Tuesday that it had shipped just over 22.1m of its signature portable music players during the three months ended December, up just 5 per cent over the same period last year. Yesterday's fall wiped more than $16bn off Apple's market capitalisation. (Financial Times, Forbes)