Apple stock drops slightly after iPad event
0. phoneArena 22 Oct 2013, 15:16 posted on
Apple share price dropped slightly after a no-surprise event where the company unveiled the new iPad Air, a new iPad mini with Retina and updates to its Macbook lineup…
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1. JewBakaUCFG (Posts: 173; Member since: 25 Sep 2012)
So, could the introduction of the iWatch be the thing that Apple needs to regain some of its reputation and stock standing? Or would that just be met witht he same reaction. Expected but not impressive. Hmmm ...
Apple may need to hit that revolutionary new device to once again be considered one of the leading innovators of mobile technologies.
4. TechBizJP08 (Posts: 495; Member since: 25 Mar 2013)
IMO, innovation from apple side left the building when SJ died. RIP Steve Jobs..
11. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Meh. I suspect the price drop was more due to a squishy response to when would the mini with Retina display be shipping. No sales date = uncertainty, which markets hate.
2. TechBizJP08 (Posts: 495; Member since: 25 Mar 2013)
MEH, as what I have said. The people expect something but to no avail. And it was a big let down. I was thinking it would overshadow the NOKIA EVENT(Not that I seriously do) But no, Nokia will be the big buzz in town..
But still impressive design Apple.
7. GeekyGene (Posts: 88; Member since: 25 Aug 2013)
Nokia the big buzz? Is it 1999 again?
I did love my N95 though.
8. TechBizJP08 (Posts: 495; Member since: 25 Mar 2013)
Keep telling yourself that.
Move on hello kitty.
3. HTCFreak (Posts: 156; Member since: 17 Jul 2010)
It's a well known thing that Apple's stocks drop a bit after an announcement. Let's see what the future will bring for them.
10. quakan (Posts: 1373; Member since: 02 Mar 2011)
Just wait for their next earnings call. If better than expected then you'll see the stock price go up.
5. PhoneCritic (Posts: 691; Member since: 05 Oct 2011)
The devices were solid expected upgrades. I think wall street is missing the charismatic Steve Job who could convince you that a Apple design "pet rock" was the one more revolutionary thing. It is a testament to his great sales and marketing geniuses. Without his charm on the stage Wall street feels let down and Apple stock takes a hit. It's not Tim Cook fault it's just that his talent and strength lie in optimizing supply chains and manufacturing partners schedules. There was only one Steve Jobs. without him as Apple found out the first time he left, anything they bring out will do well but not as well as Jobs would have been able to market it to the masses.
All in all a good upgrade to both iPads but more so to the mini 2
9. woodshop20 (Posts: 459; Member since: 14 Sep 2013)
Not really. When SJ was still alive he unveiled some pretty revolutionary products at the time: the iPhone, iPad and the iPods. However, now that Cook's CEO, it's been boring rehash after boring rehash.
12. promise7 (Posts: 877; Member since: 03 Jul 2013)
it's been 2 years since steve jobs passed away. in that time they released the iphone 5/5c/5s, updated laptops, new mac pro, and now updated ipads. i agree it's going to be hard for apple to innovate w/o steve jobs, and don't think cook can do it, but i would at least give a little more time. i think the true test for him will be the iphone 6.
6. nctx77 (Posts: 1966; Member since: 03 Sep 2013)
Dude no one cares about Nokia anymore. The stock prices drop slightly after every announcement.
13. joey_sfb (Posts: 5742; Member since: 29 Mar 2012)
To be honest, the iPad Air and iPad mini 2 exceeded my expectation. Look like Apple is feeling the heat of the competition after all.
14. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Nothing like competition to improve the offering. The OG mini left a lot to be desired. Hopefully the N7 (2014) further raises the bar.