Apple‘s stock fell as much as 5% after its iPhone 4Sannouncement Tuesday, illustrating that the news failed to wow investors.
The drop, however, came as the market was also down. At press time the Dow was down about 1.5% and Nasdaq was about 1% down. Moreover, the market has gyrated on Apple announcements in the past. In January 2010, for instance, Apple’s stock fell 2.5% during Steve Jobs’s introduction of the iPad and then rebounded when Jobs announced that the device would sell for a lower-than-expected $499. (The charts below show how Apple’s stock reacted after other iPhone announcements.)
What do you think? Was the announcement a let-down, is Wall Street over-reacting or is the stock price irrelevant? Let us know in the comments.
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