p2pnet.net News:- Sony’s new boss Howard Stringer must be pleased.

He became the first foreigner to take the Sony reigns and the arrival of the company’s tiny new music player, the first major product release under his aegis, has apparently sent Apple stocks into a bit of a tumble.

The Sony mini players have up to a gig of storage and cost between $150 and $180.

They also have rechargeable batteries that can keep the player playing for up to 50 hours compared to the iPod Shuffle’s 12 hours, as well as a small display screen.

Now, “Shares of Apple Computer dropped 5.2% Tuesday on worries that Sony’s new flash memory-based music players could take a bite out of Apple’s iPod empire.,” says the MacObserver, going n:

“While the new Walkman models are slightly more expensive than their iPod shuffle counterparts … Sony included support for the MP3 format for the first time. Industry watchers have seen this as critical for Sony to be able to gain significant traction in the market because of the dominance of MP3 in the digital music sphere.”

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See:-
new boss – Sony’s new boss: Howard Stringer, p2pnet, March 8, 2005
MacObserver – Apple Shares Lose 5% on Sony Worries, March 8, 2005

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