Shares Dip Ahead of Apple Announcement

Seeming iPod focus may make tomorrow's event 'underwhelming'
By Ambreen Ali,  Newser User
Posted Sep 8, 2008 1:32 PM CDT
Apple is telling reporters tomorrow's event is a "big deal," but share prices have fallen 5% ahead of the announcement.   (AP Photo/Paul Sakuma)
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(Newser) – Apple's shares have been off as much as 5% today ahead of a much-publicized event tomorrow at which the company is expected to drop a new iPod Nano and give an update on iPhone sales, Reuters reports. One analyst worries the news will underwhelm; another says the dip isn’t unusual: It's “a ‘buy on the rumor, sell on the news’ kind of stock.”