Apple sheds value during iPhone event – ProWellTech
The ProWellTech crew is working hard to write the latest from Apple’s iPhone, iPad, and Apple Watch event. You have good notes on Megacorp’s hardware updates. But what do the markets say about the same range of products?
For those of us who are more concerned with effective S&P dividend yields than screen nit levels, events like Apple’s Confab are more interesting for their impact on hosting company’s value than on the number of GPUs running a given smartphone. Model has. And for once, Apple stock may have done something interesting during the event!
Note the following table:
This is a one day chart so keep that in mind so let’s look at the intraday changes. We are enlarged. And Apple dived a bit during its event, which started at 1 p.m. in the graphic above.
Normally nothing The import is done with Apple stocks during its presentations. Which honestly feels strange given that Apple events detail the product mix that will generate hundreds of billions in revenue. You’d think they’d have more of an impact than their usual zero.
But today we had real price action as the event ended around 2 p.m. ET. Perhaps investors were hoping for more expensive equipment? Or were you hoping Apple had more up its sleeve? How you rate Apple’s vacation lineup is a matter of personal preference, but investors seem to be somewhat negative.
At roughly $ 2.5 trillion, every 1% that moves Apple’s stock is worth $ 10 billion. Apple’s loss of 1.5% today – more or less; Trading continues as I write this – worth more than Mailchimp. It is a lot of money.
You can read the rest of our coverage of the Apple event here. Enjoy!
