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.
Observer Comments
QuoteGuest wrote:
Rest assured, what was revealed at WWDC is part of a larger picture-we'll look back at this and wonder how we could have ever been so lackadaisical about it all.
Amen, I am so glad someone is on the right track. Thank You, just wait and see and all will be revealed soon... very soon.
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated February 13th
- Mon, 9:15 AM
- News - Apple Files Motion to Stop Galaxy Nexus Sales in U.S.
- 8:20 AM
- News - Steve Jobs Given Trustees Award at the Grammys
- Sat, 4:11 PM
- MacOS KenDensed - MacOS KenDensed: iPad 3 Frenzy, Big-time Apple & Steve Jobs, G-Man
- Fri, 8:10 PM
- News - Apple Sues Motorola Mobility in California Over German Case
- 7:54 PM
- Free on iTunes - OnLive Desktop: Windows & Office on Your iPad
- 7:43 PM
- Product News - Apple Rolls Out MacBook Air Configurations for Education
- 6:35 PM
- Just a Peek - Battle Pocket Bulge With The Hint for iPhone
- 6:01 PM
- Rumor - Apple Reportedly Bringing MacBook Air Styling to Pro Line
- 4:50 PM
- Particle Debris - The Hidden Gotchas of Browser Security
- 3:56 PM
- Apple Stock Watch - Analyst: Paying a Dividend Makes Sense for Apple
- 2:58 PM
- Deal Brothers - iMac 27-inch 2.93GHz Intel Quad-Core i7 processor: $1,999
- 2:45 PM
- In-Depth Review - Theodolite App for iOS is Breathtaking
The Mac Observer Reader Specials
TypeStyler 11 is now in the Mac App Store!! -- Special Introductory Price of $59.95!! -- To Buy From The Mac App Store Click Here Now!! Or buy direct
from Strider Software.
Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
If you're using a Mac, then you've gotta check out Online Poker Mac.
This mac poker and online casino mac site
actually does the unthinkable, it actually rewards!
