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Apple stock takes a dive after today's press event

Apple's stock took a dive during their press conference, now seems to be rebounding.

| Business, Financial & Legal News | Posted: Oct 23, 2012 7:00 pm

Apple's stock has interestingly not fared their press conference today very well, though it seems to be now making a recovery. Hot on the heals of the new iPad mini's announcement, and various other products, Apple's stock price has plummeted down to $619.63 at the time of writing. This is a loss of 2.25 percent.

 

TweakTown image news/2/6/26357_1_apple_stock_takes_a_dive_after_today_s_press_event.png

 

It's not exactly clear what caused the drop in stock price. The new products seem to be rather revolutionary as opposed to evolutionary, though it could be a bunch of upset iPad 3G owners that are causing the misery for Apple's stock. I know I would be upset if I had purchased a brand-new device that was replaced only 6 months later.

 

It's definitely a good idea to keep an eye on Apple's stock today, because, even as I am writing this, it is rebounding some. However, the stock price is still below where it was before the announcement.

NEWS SOURCES:Google.com

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