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 October 20th

Mon,9:52 PM
Apple Q4 Earnings Sliced And Diced
8:21 PM
Apple Q4 MacBook Sales Hit Record Breaking Numbers, Jump 25 Percent
7:45 PM
Here’s What Apple Wants to Achieve With Apple Pay
7:33 PM
How Apple’s Tim Cook Explained Away Poor iPad Sales
6:31 PM
Apple Store App Update Adds Apple Pay Support
5:59 PM
China Holds Huge Potential for Apple with First Time iPhone Buyers
5:16 PM
Apple Teases Future Plans for Beats
5:02 PM
Apple Posts a Record September Quarter - $42.1 Billion Revenue, $8.5 Billion Earnings
4:45 PM
How-to Set Up and Add Credit Cards to Apple Pay
1:32 PM
TMO Daily Observations: 2014-10-20
1:19 PM
Apple Releases iOS 8.1 With Apple Pay, iCloud Photo Library, Camera Roll, More
11:49 AM
Spotify Announces Family Plans
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!