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Thread: Shares of Apple Slide After Keynote

  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default Shares of Apple Slide After Keynote


    On Monday, Apple kicked off its 24th annual Worldwide Developers Conference and rolled out no shortage of software and product refreshes plus a few unexpected surprises tossed into the mix.

    From iOS 7 and the refreshed MacBook Air, to a surprise preview of the next Mac Pro and the unveiling of iTunes Radio, Apple gave the tech blogosphere enough to ramble about for the early part of summer. But how did investors react to the WWDC keynote today?

    Not well, apparently.

    Shares of Apple slipped after the keynote, closing on the NASDAQ at $438.89, which is down $2.92 on the day. Ironically, while Apple’s shares closed down on the day, Pandora Media Inc. rose 2.5% Monday.

    Perhaps investors aren't worried about iTunes Radio killing Pandora after all.

    But a post-WWDC sell-off on Wall Street is nothing entirely new. In fact, CNBC finds it to be quite the norm.

    Going back five years, AAPL's average return during the five-day WWDC is negative 3.92 percent.
    "The WWDC typically takes place in June," the cable news giant reported late Monday afternoon, "and AAPL's average performance is negative for the month. Although the stock's devastating 11.30 percent decline in June 2008 skew the average to the negative territory, still, month-to-date the stock is down roughly 2.5 percent."

    Source: CNBC

  2. #2
    shares of apple slide? They are down a total of 0.66%.

    The title and picture for this article are terrible.
    Last edited by mutigers42; 06-10-2013 at 04:27 PM.

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    *T* (06-11-2013)

  4. #3
    Quote Originally Posted by mutigers42 View Post
    shares of apple slide? They are down a total of 0.66%.

    The title and picture for this article are terrible.
    Yeah the pic and title are incredibly misleading but this is the media

  5. #4
    Quote Originally Posted by mutigers42 View Post
    shares of apple slide? They are down a total of 0.66%.

    The title and picture for this article are terrible.
    I think the point was clear. With the great products that they pushed out. Investors weren't wowed and the stock fell.

  6. #5
    iPhone? More like MyPhone GooseG's Avatar
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    I was pretty wowed by that Mac Pro. That's one sexy beast. And it's tiny. Apple makes some pretty impressive stuff.

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  8. #6
    Quote Originally Posted by mutigers42 View Post
    shares of apple slide? They are down a total of 0.66%.

    The title and picture for this article are terrible.
    What did you expect from a MESSany article?

    Quote Originally Posted by GooseG View Post
    I was pretty wowed by that Mac Pro. That's one sexy beast. And it's tiny. Apple makes some pretty impressive stuff.
    +1 Must have one for film school!

  9. #7
    Grumpy *T*'s Avatar
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    -$3 counts as a stock slide now? Are u stupid?

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