The Markets Weigh In: Apple’s Event Has More Than Meets the Eye
As the TechCrunch crew is busy covering the latest from Apple’s iPhone, iPad, and Apple Watch event, we can’t help but wonder what the markets are saying about the same array of products. For those of us who prioritize effective S&P dividend yields over screen nit levels, events like Apple’s confab are more interesting for what they might mean for the value of the hosting company than how many GPUs a particular smartphone model has.
A Glimpse into the Market’s Reaction
To get a better understanding of the market’s reaction to Apple’s event, let’s take a look at the chart below:
Chart: Intraday Changes in Apple’s Stock Price
[Image Credits: TechCrunch/Y Charts]
This one-day chart is zoomed in to highlight the intraday changes in Apple’s stock price during the event. As we can see, Apple took a bit of a dive during its presentation that kicked off at 1 p.m.
A Break from the Norm
Normally, nothing of importance happens to Apple’s shares during its presentations. This might seem strange, given that Apple events detail the product mix that will generate hundreds of billions in revenue. You’d think that they would have more impact than their usual zero. However, today was different. As the event wrapped up around 2 p.m. ET, we saw real share price movement.
Investors’ Disappointment
Perhaps investors were hoping for more pricey devices or something new and exciting from Apple. Whatever the reason, it’s clear that they weighed in slightly to the negative. The fact that Apple’s stock lost 1.5% during the event is worth noting, especially considering its market value of $2.5 trillion.
A $10 Billion Move
Each 1% that Apple’s stock moves is worth $10 billion. In this case, the loss of 1.5% is equivalent to more than the value of Mailchimp. This is a staggering amount, and it’s clear that investors are taking notice.
The Impact on Apple’s Valuation
As we mentioned earlier, events like Apple’s confab can have a significant impact on the company’s valuation. A $10 billion move in Apple’s stock price is not something to be taken lightly, especially considering its market value.
Reading Between the Lines
While we can’t know for certain what investors are thinking, it’s clear that they were expecting more from Apple’s event. Perhaps they were hoping for new and exciting products or a refresh of some sort. Whatever the reason, it’s clear that they’re not entirely satisfied with the current lineup.
More Than Just Hardware Updates
While the hardware updates may have been underwhelming, there are still plenty of reasons to be excited about Apple’s event. The company is always pushing the boundaries of innovation and making significant strides in technology.
A Mixed Reaction
While some investors may be disappointed by the lack of new products, others see it as an opportunity for Apple to refocus on its core strengths. After all, Apple has a reputation for delivering high-quality products that are both innovative and user-friendly.
Conclusion
In conclusion, while the markets may not have reacted as enthusiastically as expected to Apple’s event, there’s still plenty to be excited about. As we continue to follow the latest developments in technology, it’s clear that Apple remains one of the leaders in innovation and design.
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