Filed under: WWDC, Apple Financial
AAPL recovering after initial WWDC nosedive
In heavy trading volume today, Apple stock (AAPL) is down four percent after initially dropping to 176.23 halfway through the keynote at 1:55 p.m. Eastern time.
At the time of posting, AAPL was trading near 177, which is a decline of over four percent since the closing bell yesterday Friday. (It's been a long day.)
Apple stock has taken hits in the past on announcement days, usually due to traders looking to make a quick buck from the high interest surrounding coverage of the event.
An update, after the jump.
Update: 3:30 p.m. ET: AAPL is continuing along a rollercoaster path today, almost reaching its nadir for the day at around 3 p.m. It has since bounced back up a little, but still hovering around 173, down about 7 today.
Update 6:00 p.m. ET: AAPL closed today at 181.61, off 4.03 (–2.17%).
Update 6:00 p.m. ET: AAPL closed today at 181.61, off 4.03 (–2.17%).
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Reader Comments (Page 1 of 1)
Don Wilson said 3:17PM on 6-09-2008
You should probably update that graphic, as well as the title ;)
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Charles Hoard said 4:14PM on 6-09-2008
I think we all wanted more than just an iphone to be announced. Newton PDA version 2? bluetooth ipod touch? that was too long a focus on just one product, for the stock market anyway.
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Doug Adams said 4:20PM on 6-09-2008
I think you'll probably notice that a lot of stocks were down based on the Lehman news.
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stevebert said 5:13PM on 6-09-2008
I think if you plot the NASDAQ against Apple's performance today, you'll see this was not necessarily a reaction to anything said at the WWDC keynote.
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Joseph said 5:41PM on 6-09-2008
I was thinking about this as the keynote commenced. I was dissapointed by the lack of annoucements that applied to me and that all there was, was 3G iphone, iphone 2.0 and mobile me. Gone are the days of "One More Thing." That was quite a favorable formula and has left me wanting 1 more thing.
All of that to say, apple "gimmie some mo!"
Anyways, it was fluctuating like it had mad cow, did anyone else watch it?
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Jake said 5:55PM on 6-09-2008
I for one, was hoping they may offer it to t-mobile. What gives?! I am really dissapointed apple is alienating not only it's loyal fans, but now business too, that do not want to switch their entire company to ATT. uggh! Is Apple becoming a profit hungry corp too? Actually wouldn't they make more money if they open it up to other companies?
I heard rumors that the 3g was going to be impossible to Jail break , plus would it work on t-mobile? anyone , anyone, bueler, bueler?
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Alex Paris said 6:41PM on 6-09-2008
uh... you should probably notice that yesterday was a Sunday and there was no trading. thus no closing bell.
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Robert Palmer said 6:47PM on 6-09-2008
Good catch. Thanks.