Investors underwhelmed by Apple iPhone 4S; Apple's stock drops five times as much as NASDAQ

Investors underwhelmed by Apple iPhone 4S; Apple's stock drops five times as much as NASDAQ
Now that the world knows about the introduction of the Apple iPhone 4S, investors are expressing their opinion about the announcement by selling the stock. With the tech heavy NASDAQ average down by .85%, Apple's stock is currently down over 5%. That translates intro a drop of $19.13 to $355.47.

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.

source: Yahoo

Related phones

iPhone 4s
  • Display 3.5" 640 x 960 pixels
  • Camera 8 MP / 0.3 MP VGA front
  • Processor Apple A5, Dual-core, 800 MHz
  • Storage 64 GB

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40 Comments

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: 159; Member since: Sep 09, 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: 2610; Member since: Jan 25, 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: 14605; Member since: Dec 19, 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: Sep 26, 2010

I agree, I actually thought it would be better, atleast a bigger screen or something right?

27. CX3NT3_713

Posts: 2350; Member since: Apr 18, 2011

LMAOO. "This repeats everything again" apple's new slogan ..

2. Sniggly

Posts: 7305; Member since: Dec 05, 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: 813; Member since: Aug 21, 2011

Now its pretty clear why they sued everyone insight. . .

3. networkdood

Posts: 6330; Member since: Mar 31, 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)....

7. tech-head

Posts: 133; Member since: Sep 02, 2011

lol....i was wondering the same thing.

5. DROIDX0430

Posts: 469; Member since: Nov 24, 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: 14605; Member since: Dec 19, 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! For Freedom!

9. cc unregistered

BUT GUYS... IT'S f**kING MAGICAL!!!!!!!

13. remixfa

Posts: 14605; Member since: Dec 19, 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: 1999; Member since: Sep 16, 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: 2256; Member since: Jan 16, 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: 1800; Member since: Feb 10, 2009

my iphone four can do pretty much all of that stuff i hope steve jobs had no say in this

12. ivanko34

Posts: 617; Member since: Sep 04, 2011

Apple is too busy at lawsuits

24. XiphiasGladius

Posts: 813; Member since: Aug 21, 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: 1999; Member since: Sep 16, 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: 250; Member since: Oct 03, 2011

Ha ha FAIL!!! this is what u get from not being innovative

22. XiphiasGladius

Posts: 813; Member since: Aug 21, 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.

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