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Up until to the point they announced the price, apple was doing nice on the street but seems like $3,499 for a brand new platform is a bit too much risk than ma
by treesciencebot 3y ago
Up until to the point they announced the price, apple was doing nice on the street but seems like $3,499 for a brand new platform is a bit too much risk than market was anticipating. Almost 60 billion $s went from the market cap (maybe not much for a giant in Apple's scale but still interesting).
- gmm1990 3y agoCould have been that it'll be out next year too
- ojbyrne 3y agoI think the price was expected, what was disappointing (at least to me) was "available early next year."
- teaearlgraycold 3y agoHonestly I think they’ll sell a ton to businesses and wealthy people looking to get into the new tech. The high price should raise the stock value if anything.
- epolanski 3y agoThat still is not nearly enough to cover all the research, development, legal and manufacturing cost.
- teaearlgraycold 3y agoThat money’s already spent and factored into the stock price.
- giantrobot 3y ago> Almost 60 billion $s went from the market cap (maybe not much for a giant in Apple's scale but still interesting). This is the same exact thing that happens with every Apple event. I can't think of a time their stock went up after an announcement event.
- wahahah 3y ago"Buy the rumour, sell the news"
- tpmoney 3y agoApple could announce a cure for cancer for which they are the only owners of the patent and for which every world health organization has committed to 40 years of purchases and their stock price would still go down. The best time to buy Apple stock is almost always right after a product announcement.