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Apple stock is down on the news. Although I'm personally underwhelmed by this announcement, I'll bet analysts are more worried about the lower priced iPad cutti
by monkeyfacebag 14y ago
Apple stock is down on the news. Although I'm personally underwhelmed by this announcement, I'll bet analysts are more worried about the lower priced iPad cutting into margins than they are Apple's ability to ship them.
- mbreese 14y agoI doubt it. This is typical for Apple's stock. There is always a run up before an announcement, and a drop immediately after. It's the old adage: buy on the rumor, sell on the news. I wouldn't read too much into it. The only time I really pay attention to what the street thinks about Apple is when earnings are announced.
- coob 14y agoAAPL has dropped from 670 odd over the last few weeks. There is no pattern with announcements.
- mbreese 14y agoThere are only a few product announcements each year, so of course there isn't a correlation with the overall price fluctuations. However, you can be pretty sure what the price will do a couple of days before and the day of an announcement.
- pdog 14y agoThe entire market is down today.
- mtgx 14y agoThey could've offered this at $250 and still make a profit. I doubt the profit is much smaller than the regular iPad. All its internals are 1.5 years old.
- grecy 14y ago> They could've offered this at $250 and still make a profit. Absolutely. Apple could sell all their products for 20-50% off and still make a profit. This is not the business Apple are in. They do not want to. Seeings they are the biggest company in the world, I suspect their decision to not reduce margins is working.