The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Stock Rebounds After WWDC Slump

Apple Stock Rebounds After WWDC Slump

by , 10:35 AM EDT, June 18th, 2007

After an up and down ride during the World Wide Developers Conference, Apple's stock rebounded on Monday. The Mac and iPod maker's stock dropped below US$120 throughout the week, and closed on Friday at $120.50. But on Monday morning, it began recovering and climbed up over $123.

The company's stock slipped after what many considered to be a lackluster and disappointing keynote presentation at WWDC by CEO Steve Jobs. While analysts and consumers where waiting for Mr. Jobs to announce exciting new products, he instead focused on features of the upcoming Mac OS X 10.5 release.

Earlier this morning, however, Apple announced that the iPhone will sport substantially better battery life than previously expected. That, coupled with the announcement that the iPhone will use a more durable optical glass surface instead of plastic, may have helped spur the stock's recovery.

Apple's combination iPod and smartphone isn't due to hit store shelves until June 29 - still 11 days away. Anticipation for the release has been growing, and many Apple and AT&T retail stores are anticipating that customers may camp out the night before in hopes of getting an iPhone as soon as it is available.

Apple stock is currently trading at $123.92, up 3.42 (2.84%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated August 20th

Wed,2:22 PM
Guest Pass for iOS 7 Allows Access to Your Wi-Fi Network Without Revealing the Password
1:25 PM
Parallels Announces Desktop 10 for the Mac with Yosemite Support
1:07 PM
TMO Daily Observations: 2014-08-20
10:58 AM
RunKeeper Wants to Give You Presents for Working Out
9:44 AM
Analyst: No Apple iWatch this Year
8:45 AM
3 Handy Tips to Make Preview More Productive
Tue,10:07 PM
Apple’s Stock Sets Record Closing High, Market Cap Record Still Waits
8:23 PM
Week of Who, Day Two: Doctor Stew
4:22 PM
Last Chance for Duracell Bundle: 100 AA and 50 AAA Batteries for $56
3:55 PM
Steve Ballmer Quits Microsoft’s Board, Will Focus on Clippers and Study
2:35 PM
OS X: Delete the Annoying ‘Move to Dropbox’ from Contextual Menus
1:35 PM
Shares of $AAPL Top $100, Flirt with Record Closing High
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!