Apple stock drops slightly after iPad event

Apple stock drops slightly after iPad event
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 as well as the impressive free version of Mavericks OS X. However tension built up as after the iPad Air unveiling it seemed that the crowd was building up expectation for a “one more thing” moment that never happened.

Investors obviously feel more or less the same as Apple shares dropped slightly in price after the event ended and since then have slowly rebounded so the company’s stock now trades at around its initial price.

What is your reaction to this past Apple event - was it more of a solid upgrade or an underwhelmingly expected bunch of announcements? Let us know your take on what’s going on at Apple.



source: Apple stock

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14 Comments

1. JewBakaUCFG

Posts: 176; Member since: Sep 25, 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: Mar 25, 2013

IMO, innovation from apple side left the building when SJ died. RIP Steve Jobs..

11. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 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: Mar 25, 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: Aug 25, 2013

Nokia the big buzz? Is it 1999 again? I did love my N95 though.

8. TechBizJP08

Posts: 495; Member since: Mar 25, 2013

Keep telling yourself that. Move on hello kitty.

3. HTCFreak

Posts: 156; Member since: Jul 17, 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: 1418; Member since: Mar 02, 2011

Just wait for their next earnings call. If better than expected then you'll see the stock price go up.

5. PhoneCritic

Posts: 1354; Member since: Oct 05, 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: Sep 14, 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: 894; Member since: Jul 03, 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: 2540; Member since: Sep 03, 2013

Dude no one cares about Nokia anymore. The stock prices drop slightly after every announcement.

13. joey_sfb

Posts: 6794; Member since: Mar 29, 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. Good!

14. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 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.

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