Shares Dip Ahead of Apple Announcement

Seeming iPod focus may make tomorrow's event 'underwhelming'
By Ambreen Ali,  Newser Staff
Posted Sep 8, 2008 1:32 PM CDT
Shares Dip Ahead of Apple Announcement
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)

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.” (More iPod Nano stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X