Apple’s stock is about 4% lower (as of 3:45 PM on the east coast) than it started today after Steve Jobs’ keynote speech at Apple’s World Wide Developers Conference. Trading opened at $184.92 per share this morning and is currently floating around $178 per share, with a daily high of $184.94 and a daily low of $175.75, according to Yahoo! Finance.
Apple’s stock price could have dropped for a number of reasons. The new iPhone 3G that was announced will be available in 70 countries on July 11th and will carry a base price of $199 everywhere, and the relatively low price and the fact that the device won’t be available until next month may be contributing factors to the stock’s value. The new iPhone’s low price is good for consumers but might be making investors a bit nervous, although the almost-worldwide release should help matters. The low price comes with a catch, however; you must sign a two-year contract with AT&T.
Comments
AAPL closes lower on the day of the keynote. Every. Single. Time. After watching every MWSF, MWNY and WWDC since 2000, it never fails.
Wait, is that really a new catch? I thought the mandatory contract was also part of the last iPhone deal? Was it a one year contract?
You used to be able to buy an iPhone in an Apple store without activating it and could use a couple different methods when you got home to either use it with T-Mobile, with a pre-paid plan, and/or you could jailbreak it. From the sounds of it now, you’re going to have to sign a 2-year contract at the time of purchase. I’m not sure how they’re going to handle this in Apple stores, as it seems like the exact kind of hassle those stores try to avoid.
This is a press release from AT&T, of course they’re not going to say, oh yeah and you don’t have to sign up with us, you can get an iphone from apple without a contract.
Leave Comment
Commenting Options
Create an avatar that will appear whenever you leave a comment on a Gravatar-enabled blog.