Due to a speculation authored by Shaw Wu about the major delay of the next-gen iPod, shares of Apple Computer Inc. on Wednesday (June 28), fell to an 8-month low. The stock fell 2.5 percent to $56.02, after hitting a session low of $55.41. It was among the biggest drags on the S&P 500 index and the Nasdaq market amid heavy trading.

Definitely the guys over at Cuppertino ain't having a field day about this. The stock price decline comes amidsts various warnings from analysts that the iPod Nano has been performing sluggishly in the sales department and that it would most likely not hit the Apple iPod sales' forecast.

As we have mentioned in the earlier report, Apple has remain mum about the major delay speculation. But analyst Shaw Wu is just getting warmed up. He also added that "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."