Apple shares down after the iPad 3 announcement

posted by Daniel P. / Mar 07, 2012, 2:19 PM

Apple shares down after the iPad 3 announcement

In a likely "buy the rumor, sell the news" scenario, Apple's stock is down in an up market today, after the new iPad announcement. The drop passed 1% at the time of writing this, so we are curious about the close and the next few days.

Apple's shares had a great runup until the announcement and speculators are probably getting out in droves now, cashing in on handsome profit margins, especially if they bought options a month or so ago.

The fruit company is with the largest market cap, and just rumors about the NASDAQ rebalancing its weight in the index brought the shares down recently. Not to mention how many investors - from pension to hedge funds - are loaded on Apple shares, so any significant movement down always brings a big kerfuffle with it.

A similar drop occurred after the iPhone 4S announcement, but Apple proved the underwhelmed investors wrong by still selling a record amount of its new phones in the next months.

source: GoogleFinance

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25 Comments

2. danwatson

Posts: 117; Member since: Jan 03, 2012

The iPad will still be a major seller and market leader so shares won't fall much but it is clear that this has not been a year of Apple staying far ahead of the competition for hardware innovation. The Apple TV part was the biggest letdown. I think rumors of an actual TV will now be put to rest for a while and the new model adding 1080p brings it current with 5 year old displays. If a TV was coming shortly, Apple would have updated the box for that event. The iPad will still hold its own for the next year, though with the thicker, heavier design, similar resolution to 1080p tablets, and other slightly refreshed specs, Apple has not revolutionized anything this time.

posted on Mar 07, 2012, 2:29 PM 4

3. -box-

Posts: 3991; Member since: Jan 04, 2012

Hehehehehehehe

posted on Mar 07, 2012, 2:33 PM 9

6. rhinoceros

Posts: 33; Member since: Mar 01, 2012

Another apple failure that will sell

posted on Mar 07, 2012, 2:44 PM 14

7. itiswhatitis

Posts: 423; Member since: Jan 23, 2012

damn right general population will always go for that fruit at the back!!(dont' even wanna say the name)

posted on Mar 07, 2012, 2:51 PM 10

16. gallitoking

Posts: 4721; Member since: May 17, 2011

rather have that than a success that doesnt sell..

posted on Mar 07, 2012, 4:56 PM 3

8. RaKithAPeiRiZ

Posts: 1488; Member since: Dec 29, 2011

SAMSUNGED!!!!!

posted on Mar 07, 2012, 3:05 PM 16

31. matrix_neo

Posts: 334; Member since: Nov 03, 2011

Hahaha AGAIN??!!

posted on Mar 07, 2012, 6:27 PM 0

9. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

Apple will probably sue Samsung over the drop in share value.

posted on Mar 07, 2012, 3:08 PM 11

10. ilia1986 unregistered

Didn't I tell you? The bigger they are..

posted on Mar 07, 2012, 3:13 PM 3

12. protozeloz

Posts: 5396; Member since: Sep 16, 2010

Guys calm down. Trolling is quite annoying

posted on Mar 07, 2012, 3:53 PM 4

14. PAPINYC

Go play with your iPad 3. iMean iPad.... sorry.

posted on Mar 07, 2012, 4:14 PM 3

18. protozeloz

Sorry you got the wrong guy I'll die happy with a transformer and a nexus or a S3 on my hands but this trolling is out of control

posted on Mar 07, 2012, 5:09 PM 5

21. PAPINYC

iAm going to thumbs you up', just to show how magnaniMous iCan be.

posted on Mar 07, 2012, 5:38 PM 1

26. Baseballer

Posts: 132; Member since: Dec 07, 2011

agreed. You guys are pathetic. Im a teen and i dont even do this. You guys are way older and acting like little brats.

posted on Mar 07, 2012, 5:57 PM 4

36. protozeloz

iHave seen Better from a toddler iThink you are out of ideas

posted on Mar 07, 2012, 6:41 PM 2

48. Lucas777

Posts: 2137; Member since: Jan 06, 2011

i dont think u realize how bad its gotten! haha… its beyond them to even support android.. just annoying trolling

posted on Mar 07, 2012, 10:39 PM 3

13. Mandroid

Posts: 209; Member since: Feb 22, 2012

LOLOLOLOLOLLOLOOLOLOLOLOLOLOLOLLOOLLO! So even iDrones aren't retarded enough to see the value in buying the ipad2 again with a high def screen. Maybe they're evolving. to iCows.