Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday October 05, 2011

Why Apple Falls After New Product Announcements

Hmmmm, everyone expected an iPhone 5 but ended up with an iPhone 4.5 instead, so the stock dropped. I'm not seeing the mystery here.

Apple Inc.'s stock lost $2.10, or 0.6 percent, dipping to $372.50 on Monday after the company revealed the newest iPhone model, the 4S. That version will be faster and more powerful than previous models. But some analysts had anticipated a more dramatic upgrade.