AAPL Drops Ahead of WWDC Keynote

June 8th, 2009 at 12:05 PM - Apple Stock Watch by Jeff Gamet

Anticipation may be high leading into Apple's World Wide Developer Conference keynote, but the company's stock has been sliding down all morning. The Mac and iPhone maker's stock dipped in the morning ahead of anticipated announcements about new iPhone models, iPhone Software 3.0 and Mac OS X 10.6.

Apple will likely show off iPhone Software 3.0 and Mac OS X 10.6 (Snow Leopard) features during the keynote presentation, and many are expecting the company to introduce new iPhone models as well.

The World Wide Developers Conference is Apple's annual week-long gathering for Apple-related hardware and software. Now that the company has pulled out of most conferences and expos, analysts have been predicting that Apple will use its WWDC keynote presentation, along with other special media events to introduce new products.

Apple's stock opened on Monday at US$143.90. The company's stock is currently down $2.69 (1.86%) at 141.98.

TMO will be covering Apple's keynote presentation as it happens. The event is scheduled to start at 10AM pacific time at the Moscone Center in San Francisco, California.

8 Observer Comments

Quote Tiger said on June 8th, 2009 at 11:39 AM:

All 52 stocks on my yahoo stock ticker have been sliding all morning.

Quote Tiger said on June 8th, 2009 at 11:49 AM:

That’s 32. Typing is elusive today. And whoa, four of them have now gained a few pennies.

Not a great day on Wall Street.

Quote Sir Harry Flashman said on June 8th, 2009 at 3:05 PM:

Looks like that AAPL is going back up a bit. Currently it is at $143.55. I have also been watching Palm which was down and it too is climbing a bit.

Quote ctopher said on June 8th, 2009 at 4:01 PM:

Everyone’s gripping ‘cause there was no McNetbook announced today.

Quote Sir Harry Flashman said on June 8th, 2009 at 4:07 PM:

Everyone’s gripping ‘cause there was no McNetbook announced today.

Well not “everyone.” I for one don’t care, but I get your point, the pundits are in a lather.

Quote Tiger said on June 8th, 2009 at 4:46 PM:

Yeah, me either. Could care a less. The 13” MacBook Pro is better than any netbook out there and would run circles around them. Heck, I’m pretty sure the iPhone 3GS is gonna run circles around them.

Quote mathue said on June 8th, 2009 at 6:34 PM:

Less than 2% is a slide?

Yeesh! That’s barely a speed-bump. If we get to 15% THEN I might consider it a slide.

Quote Sir Harry Flashman said on June 8th, 2009 at 6:51 PM:

Less than 2% is a slide?

Yeesh! That’s barely a speed-bump. If we get to 15% THEN I might consider it a slide.

2% is pretty much the max grade for a railroad and that is a pretty gentle slope.

AAPL closed at -0.82%, Palm at -0.84, the NASDAQ at -7.02%

I hope that tomorrow after the day traders digest today’s announcements that Apple stock will go up.

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