Apple Shares Dip Nearly 10% Ahead of iPad Mini Reveal
Apple shares have experienced a decrease of nearly 10 percent with the unveiling of the iPad Mini looming.
Since hitting an all-time high of $705 last month, Apple shares were down to $631.47 this morning. One feasible explanation is a stock retreat ahead of a brand new product launch.
"We continue to believe iPad Mini is the competition's worst nightmare, but attractive price points will be key," said Sterne Agee analyst Shaw Wu. "We believe concerns are overdone and this appears to be a typical consolidation after a big run."
The iPad Mini, which is rumored for an announcement next week on October 17, reportedly features a 7.85-inch display (with all earlier iPads boasting a 9.7-inch screen). Its design is said to considerably outshine the iPad 3's design, with production of the tablet reportedly already underway.
What an overvalued piece of crap company.
What an overvalued piece of crap company.
The iPhone 5 was Steve's project. I love the phone, but Apple messed up with the release of Maps and Passbook. I didn't actually mind Maps at all when it came out, but it should have little flaws. Passbook should have supported Starbucks upon release. I'd agree they're making a few poor decisions, but I think the criticism their receiving, they'll be able to avoid these disasters in the future. I was shocked when I witnessed the Retina Macbook Pro, it was a sign of traditional Apple innovation. It's still there, Apple just needs to focus on what makes them the most successful tech company.
this will be a guaranteed sell to those iSheep out there who just have to have one of each apple gadget. right now iSheep everywhere are furiously brainstorming for reasons why they absolutely need this new piece of iGadgetry as they desperately yearn for their next iGasm
https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=BRK.A
$133,880.000 per share right now. Several hundred isn't record breaking, to say the least.
What matters is where it will be at the end of the year after what will surely be a monster holiday quarter.
A picture would be nice. I don't feel a need to create an account to see what you linked to.
if u a dumb family member clicked update ios6 for ur ipad, u cant get back to ios5, and u want that map there is noway around it.
http://finance.yahoo.com/q?s=BRK-A&ql=1
Most Android tablets are still supported. We just had a wave of updates going to Android tablets a few days or weeks ago. Even without constant updates, they still hold value. Besides, it's not like updating to iOS 6 can be counted as supporting for many people who use Maps. That's kinda the opposite of supporting and even worse than simply not supporting.
On the other hand, I've found that people who buy iPad's are people that could either be passed off as your usual "iSheep" or otherwise people who specifically need an iPad because they plan to use it at school or work where a system has specifically been designed to work with iOS.
I can't see the release of the iPad Mini affecting sales of other devices much (apart from the first few weeks where all the devoted iSheep rush out and buy 50 of course)
After all theyve done, im not surprised this happened.
Unfortunately, I don't think that it'll stay below $700 per share for too long.