Year: 2002

J.P. Morgan analyst Dan Kunstler has lowered his earnings estimates for Apple’s second quarter from 11 cents per shares to 6 cents per share, and has revised revenues from US$1.45 billion to $1.35 billion. “Profitability on the new machines may have come close to evaporating in the quarter,” Kunstler said, citing Apple’s inability to ship more quantities of the new iMac coupled with rising component costs. Shares of Apple are down more than a dollar in pre-open trading.

Apple has released iTunes 2.0.4, a maintenance update that expands AppleScript support and improves performance and stability, as well as iPod Software Updater 1.1, which adds an equalizer to the device, support for up to 1000 vCard contacts (turning the device into an address book), and more.

Mireth Technology has announced the release of MacVCD X 4.0 for Mac OS X. MacVCD X is a full-screen, full featured VCD (Video CD) player and sells for US$19.95. A free demo is also available.