Apple's stock had a roller-coaster reaction to the company's iPhone 5 event today but ultimately gained several points.
Shortly after 10 a.m. PT when the launch event started, the stock started to climb from a daily low of $657 a share. By 10:30, the stock had reached $668. But then it lost its steam.
By 1 p.m, not long after the event had ended, the stock had trickled all the way back down to $657. But then further trading after the event saw the shares bounce back to $669 a share, a gain of almost 10 points for the day.
Today's Apple event saw the debut of the iPhone 5, upcoming new versions of the iPod Touch and Nano, a revamp of iTunes, and a few twists here and there. Several of the new features and specs had already been leaked or hinted at by bloggers, analysts, and Apple watchers. But a 4-inch, 4G LTE iPhone puts Apple on par with many Android phone makers, a development that ultimately seemed to be welcomed by Wall Street.
Apple's high stock price does create a challenge for investors looking to pick up a full 100 shares. T... [Read more]
via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/kSWtlNeAlu4/
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