Filed under: Macworld, Apple Corporate, Apple Financial
Apple shares slide following keynote
Here's a shocker -- Apple shares slid 0.7 percent (as of this writing) after Phil Schiller concluded the company's last official keyonte address at Macworld Expo. Robert Francello, head of equity trading for Apex Capital hedge fund in San Francisco, blamed "...no true blockbusters" for the market's reaction.With that, we have a large part of why Apple has abandoned the show. Ten or twelve years ago, Apple needed such a high-profile event to get its products noticed by as many people as possible. Additionally, they'd pack as much into those precious 90 minutes as they could, while they had everyone's attention.
Today, that's not the case. Phil Schiller noted that 3.4 million customers visit their retail stores per week, worldwide. The "lesser" press events, like the annual September iPod announcement, attract all the attention Apple needs. These are much less expensive to produce and allow Apple to release products when they're ready, not when the calendar reads "January." Therefore, there's no cache of goodies waiting for the Moscone Center, which always disappoints Wall Street and adversely affects Apple's stock price.
Sure, it's sad to see Apple go, but the "why" is clear.
[Via MacDailyNews]
Earlier this week, Apple announced that their fourth quarter financial conference call will take place on October 21st. The live audio stream will begin at 2PM Pacific time.
Douglas McIntyre over at Blogging Stocks posed an 
Yesterday was 
Here's an article
we didn't expect to find this morning. WWE superstar JBL writes about the stock market for 
It seems that
the geeks like you and me aren't the only ones excited about Apple's release of 
Well, it
was bound to happen: Apple's stock, after years of joyously ascending in a fashion worthy of the New Testament, has
finally reacquainted itself with the wonders of gravity and the venerable cliché, "What goes up must come
down." 
With Steve's
voice still echoing from the stage at the Moscone center, 
There's good news for Apple shareholders. Apple stock went 
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