Apple stock tumbles following debut of new iPhones

Uncategorized | Sunday September 8 2013 2:12 AM | Comments (0) Tags: , , , , ,

Apple stock tumbles following debut of new iPhones

The iPhone 5C carries an unlocked price tag of $549.

(Credit: Josh Lowensohn/CNET)

Wall Street has reacted negatively to Apple ‘s latest iPhones this morning.

On Tuesday, the stock closed just a little more than 2 percent down and nestled in at $494, a sign that the Apple event likely triggered an initial “meh” from investors. But as of Wednesday morning, shares have been roughed up a lot more.

In pre-marketing trading Wednesday morning, the stock plummeted more than 5 percent to $467. Since the market opened at 9:30 a.m. ET, the shares were hovering in the $469-$470 range before dropping back to the $467 mark.

Investors are still waiting to see how Apple ‘s new lineup will add to the company’s bottom line. The iPhone 5S offers just enough new features that it will likely lure a healthy number of new buyers and upgraders. The iPhone 5C is a bigger question mark.

The 5C has so far disappointed many analysts, not so much for its features but for its … [Read more]

Apple stock tumbles following debut of new iPhones


Apple stock tumbles following debut of new iPhones

 

Apple stock tumbles following debut of new iPhones

 

Apple stock tumbles following debut of new iPhones

 

Apple stock tumbles following debut of new iPhones

 

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

Apple stock tumbles following debut of new iPhones

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