The drop, however, came as the market was also down. At press time the Dow was down about 1.5% and Nasdaq was about 1% down. Moreover, the market has gyrated on Apple announcements in the past. In January 2010, for instance, Apple's stock fell 2.5% during Steve Jobs's introduction of the iPad and then rebounded when Jobs announced that the device would sell for a lower-than-expected $499. (The charts below show how Apple's stock reacted after other iPhone announcements.)
What do you think? Was the announcement a let-down, is Wall Street over-reacting or is the stock price irrelevant? Let us know in the comments.
[img src="http://node_charts_production.s3.amazonaws.com/80088cea3dd7ca8ae52659e31838d3b0.png" caption="" credit="" alt="Apple Price Stock Chart"]Apple Price Stock Chart by YCharts
Image courtesy of Flickr, luisvilla