Quote:
Originally Posted by Tyler
Apple stock drops after every Keynote. It's to be expected.
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Sure but a 2+% drop immediately following is pretty large. And the lacklustre keynote is now beginning to pile on the "bad" news (if a highly profitable company has bad news). To not meeting expectations from the last phone, to cannibalizing ipad sales due to the mini ipad (and hurting the bottom line because of it), to not meeting street guidance, from losing market share and not being able to make major in roads into new markets. If the the 5c and 5s sales are underwhelming in Q4 which not many would be surprised if they are it's going to continue to erode the stock price. Unlike the last decade where such drops were momentary blips on an ever increasing stock price the stock right now is in general decline to begin with. Along with all those other listed things this will likely make these downward blips larger and more "permanent".
Now if all of a sudden the 5c and 5s have huge sales then the street will be wrong and stock price will go back up.