Apple Delays AirPod Shipments Delayed

Apple Inc said on Wednesday that its wireless AirPod headphones, which were suppose to hit the market this month, will be delayed.

The company did not specify the reason for the delay.

“We don’t believe in shipping a product before it’s ready, and we need a little more time before AirPod are ready for our customers,” Apple spokeswoman Trudy Muller said in an email to Reuters.

Apple unveiled the AirPod at the launch of the latest iPhone last month. The new iPhones come without the analog headphone jack.

The AirPod plugs into the same port as the recharging cord, making it incompatible with most wired headphones without an adaptor. Apple includes the adapter.

Apple’s Wall Street results weighed on U.S. stock prices on Wednesday after the technology giant posted its first annual revenue decline since 2001, while oil and gold prices slipped.

Apple, the world’s largest company by market capitalization, fell 2.2 percent after it acknowledged strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up with demand.

The technology giant pulled down the S&P 500 stock index and Nasdaq, but gains in Boeing bouyed the price-weighted Dow Industrials.

Boeing shares were trading at their highest level this year, after the world’s largest planemaker reported a jump in quarterly profit despite slower sales.

The Dow Jones industrial average rose 30.06 points, or 0.17 percent, to 18,199.33, the S&P 500 lost 3.73 points, or 0.17 percent, to 2,139.43 and the Nasdaq Composite dropped 33.13 points, or 0.63 percent, to 5,250.27.

Disappointing results and forecasts from some other major U.S. companies weighed on European and Asian stocks.

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