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December 2, 2008 8:06:18 PM CST

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Shares Dip Ahead of Apple Announcement

Posted Sep 8, 08 1:32 PM CDT in Business,  Technology 

(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.”

Source Reuters

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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)
Steve Jobs introduces the new iPod Nano last fall. Apple stockholders typically sell off before announcements.   (AP Photo)
The iPod Nano is rumored to be getting a facelift in tomorrow's announcement.   (AP Photo/Paul Sakuma, file)
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Apple • music • iPhone • iPod Nano • Mac


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