Investors underwhelmed by Apple iPhone 4S; Apple's stock drops five times as much as NASDAQ
As we reported, the Cupertino based firm will be launching the Apple iPhone 4S on October 15th. The device looks like the current Apple iPhone 4 with some fairly big improvements such as the addition of the dual-core A5 processor, an 8MP camera with 1080p video capture and the Siri voice recognition system. An Android-like notification system has been added and the battery has been tweaked to last longer. The device will go on sale at a price as low as $199 after a signed 2-year contract, for the 16GB version. Investors might have expected much more, such as an Apple iPhone 5 with a new design, larger edge-to-edge screen and a gesture based home button.
Apple's stock made a 52 week high at $422.86 and the company's stock has become one of the major leaders in the market over the past few years. At the time the first Apple iPhone launched in June 2007, the stock was trading at $120.
1. Dissapointed (unregistered)
Apple has officially taken a backseat to Android and the manufacturers of some of the most powerful smartphones in the market. Sad day for the once almighty and oh so powerful Cupertino company.
10. shayan (Posts: 145; Member since: 09 Sep 2010)
the iphone 4s is EXACTLY like i predicted a few month ago. ( in this site. you can read comments.)
but I never predicted this. I mean 4S is actually a good and decent device ( Im surprized. coz its an apple product ), and Im used to hear good comments from isheep no matter what a crap apple sell to them. but 5 % drop in shares only an hour after the announcment?
28. E.N. (Posts: 2224; Member since: 25 Jan 2009)
yeah I definitely agree. The iPhone 4S doesn't suck or anything, but I definitely expected it to sh*t on all the Android devices with all the rumors and the extended amount of time they had us wait. I expected it to be THE phone but now its just another smartphone. How anti-climatic
41. remixfa (Posts: 13902; Member since: 19 Dec 2008)
lol, while i knew better than for it to be mind blowing insanity, i was still expecting a lot more. see we agree, it was very anti-clamactic.. lol
25. shafboy (Posts: 179; Member since: 26 Sep 2010)
I agree, I actually thought it would be better, atleast a bigger screen or something right?
27. CX3NT3_713 (Posts: 1652; Member since: 18 Apr 2011)
LMAOO. "This repeats everything again" apple's new slogan ..
2. Sniggly (Posts: 6698; Member since: 05 Dec 2009)
Yeah, lol. Sell! Sell while you still can!
The stock may recover, but this is funny. Investors are NOT happy, despite Apple's spin.
15. ilia1986 (unregistered)
Can this be really happening? Remember, Mr. "Let's have a 3.5" screen in 2012 lol". The bigger they are - the harder the fall. And I sure as hell hope that this is the beginning of the fall of the big white evil giant.
23. XiphiasGladius (Posts: 801; Member since: 21 Aug 2011)
Now its pretty clear why they sued everyone insight. . .
3. networkdood (Posts: 6250; Member since: 31 Mar 2010)
Stock is still sky high.....I would sell....
4. themiz (unregistered)
where is TACO, where is The Miz, where are all the SHEEP at....probably headed to Verizon to get in line for The Vigor, GSII, Prime, Droid Razr, (I'll stop there)....
5. DROIDX0430 (Posts: 409; Member since: 24 Nov 2010)
1 and a half year wait for a (S). you gotta be kidding me. It took that long to improve the specs that should have been on the phone when launched back in 2010. DROID DOES BABY
6. networkdood response (unregistered)
Stock may still be high but they probably bought it at a higher price so now that they want to sell it, they will lose money instead of making a profit....
8. remixfa (Posts: 13902; Member since: 19 Dec 2008)
normally apple's stock gets a nice bump. this is the first time ever its taken a nose dive. FAAAAAAAAAAAAAAAAAAAAAIL.
17. ilia1986 (unregistered)
A day may come when the freedom of users is taken. When we forsake our friends and break all bonds of fellowship, but it is not this day. An hour of iPhones and shattered Android phones when the Age of Men comes crashing down, but it is not this day! This day we fight! By all that you hold dear on this good earth, I bid you stand, Consumers of the West!
9. cc (unregistered)
IT'S f**kING MAGICAL!!!!!!!
13. remixfa (Posts: 13902; Member since: 19 Dec 2008)
its magical how quiet the resident iBots have been since the announcements.
18. cc (unregistered)
Yeah I don't think even taco has a witty remark for this one. Plain and simple, all todays event did was make the iPhone MORE like Android... and all features that Android has had for years.
20. andro. (Posts: 1936; Member since: 16 Sep 2011)
Taco will either be found dead in a gutter with disappointment or else handing over all his cash for his 'new' old iphone 4s in a robotic programme mode
38. cheetah2k (Posts: 768; Member since: 16 Jan 2011)
But this is what Apple have been struggling with since day one... Does everyone remember the beginning?? No MMS, 2MP camera, no front facing camera.. etc, etc...
In terms of hardware, Apples "catch-up" has brought them up to 8 month old hardware level, which is about to be superseeded in Nov/Dec.. Lest we forget that Samsung and Nvidia are on the ball with quad core CPU's as well, plus double the RAM still!
... and Taco? I just ate Tacos for dinner :p
14. TMobile-iSheep (unregistered)
It is! And I'm kind of disappointed that T-Mo will be the only carrier to not have the iPhone. 2.5% of our customers use iPhones on our prepaid service alone, and we have more coming every day.
I do support the move by Apple to sell an unlocked GSM version on the Apple Online Store. That way us lonely T-Mo customers can still have some Appley goodness.
And if Sprint gets the exclusivity it wants, then their towersa aren't strong enough to handle the extreme jump in customers. Their service will fail and it will result in a lot of unlocking and switching to Verizon, ATT, T-Mobile, and even the smaller carriers here in the US.
11. Phullofphil (Posts: 800; Member since: 10 Feb 2009)
my iphone four can do pretty much all of that stuff i hope steve jobs had no say in this
24. XiphiasGladius (Posts: 801; Member since: 21 Aug 2011)
And obviously failed to innovate. . .
16. Hildy (unregistered)
It couldn't happen to a nicer company.
Basically, the 4S is already pwned by the Galaxy S II in every respect except pixel count. If Huawei had made this announcement, nobody would have cared.
I'm glad the market realizes this even if the fanbois will still stand in line for it.
19. andro. (Posts: 1936; Member since: 16 Sep 2011)
Haha!!! Funny news
NOTE TO ISLAVES: HAVE YOUR CASH READY TO BUY YOUR OLD....COUGH I MEAN NEW IPHONE 4......S.....ONCE ITS RELEASED,YOU HAVE PROGRAMMED ENOUGH TODAY WITH ALL OUR 'YOU LOVE IPHONE,YOU LOVE THE APP STORE COMMENTS'....DO NOT DISAPPOINT US APPLE
21. Ikechukwu (Posts: 133; Member since: 03 Oct 2011)
Ha ha FAIL!!! this is what u get from not being innovative
22. XiphiasGladius (Posts: 801; Member since: 21 Aug 2011)
I'll mourn for the Miz, Taco & gallito. . . To all their followers Show some compassion please. . .. .
26. urc (unregistered)
As a android user I am slightly dissappointed in Apple. While their hardware may not be the latest and greatest at all times, they are what drove android to be as great as it is today. Competition breeds success. This phone will probably still outsell any single handset by any other manufacturer (which is comical, but whatever, it's not my money), but there isn't really much for android to improve on in this edition of the competition. I guess now would be a good time to slow down a bit and refine the OS while apple is in hibernation mode.
29. pongkie (Posts: 494; Member since: 20 Aug 2011)
what a let down im buying microsoft stocks for the heck of it
30. Zoenphlux (Posts: 45; Member since: 05 Sep 2011)
I was seriously considering going apple if they put out a phone that looked like the mock ups with a bigger screen and all. But, back to looking at android. Apple has a great product and a very good software/icloud combination. HOwever, they have made a bad move this time. They got away with doing this last time, but technology is moving faster now and what they needed was a completely new device. The sad thing is all the new androids coming will have HD screens(high end phones) and dual core. In fact only a few months away and we will start seeing quad core phones hitting the market. Android has the better screen in the AMOLED HD screens with samsung(bet apple is kicking themselves now.) Either way i'm actually surprised. They have a great software and icloud service coming with iOS 5, but a phone not to match. The investors apparently agree. Apples way of doing things needs an update like the iphone. YOu can only move at the speed you want when you have the best, but when you dont...you have to move at the speed of what the best is.
31. snowgator (Posts: 3188; Member since: 19 Jan 2011)
What if they put a near identical iPhone on sale and no one showed up to buy it ... would it still be awesome?????
32. Romeo (unregistered)
i still think that it isn't that bad because it's almost the same update as the one from 3g to 3gs right?
but still i wouldn't buy an iphone because it's nothing more than an app launcher there is nothing special about it so im just waiting for a new xperia play thing because for me it is important that a phone works flawless with the stuff it can handle and the stuff i need;)
ps. in the end good always wins from evil :D
33. no comment (unregistered)
There are many other factors at play and to blame the drop all on the news? If you understood apple stock, this is very usual for big press releases.
35. IBot (unregistered)
In a brief history og iPhone, the stock is 300 percent up, 5 pct down in a terrible economy. Ten losers gloating who missed out on the investment opportunity gloating and slapping each other on the back "liking" each other. A pitiful sight indeed...
36. IBot (unregistered)
Android "high-spec" devices = hi-powered race cars at the bottom of Grand Canyon. A tech nerd's dream but totally out of touch with realitiies of everyday use.
37. ravi5695 (Posts: 45; Member since: 11 Feb 2011)
Hey guys.. I heard taco was in line TODAY at AT&T store waiting for his all-in-all very first SGS2..
39. Firedrops (Posts: 211; Member since: 06 Sep 2011)
Thing is, Apple really failed this announcement. To look at it objectively, they held a rather large-scaled event just to announce a dual-core 1ghz, 3.5" screen phone. This sort of things usually get announced online, or get leaked, and causes a rather small amount of hype. Holding a large event would undoubtedly raise people's expectations way over the top, making it difficult to remember that the iPhone 4 is meant to be a mid-level phone, while the iPhone 5 being the next flagship.