Apple’s new chief executive Tim Cook, who replaced ailing founder Steve Jobs in August, led over the launch of the iPhone 4S at Apple headquarters in Cupertino, California. Apple exposed its newest product on Tuesday that is faster and more powerful but doesn’t have more radical upgrade on its features and model. Many people expected to get the newest iPhone in the form of iPhone 5, but they were offered with the identical model and slight upgrade of iPhone predecessor: iPhone 4S. Since there is no news of the eagerly awaited iPhone 5 at today’s Apple event, the Cupertino-based company’s stock value is falling down. Apple’s stock opened at $374.57, and went down nearly 20 points as low as $355 in market before starting to rebound.
Since high investor expectations of Apple’s newest cool gadget was disappointed, the iPhone 4S debut made the stock has fallen and it fell down for about half since early 2007. “Expectations for Apple’s product roll-outs have become really unrealistic,” said Channing Smith, a portfolio manager of the Capital Advisors Growth fund, which owns Apple stock. “What are (investors) expecting?” With Apple shareholders clearly not overly excited by the iPhone 4S, it leaves one to question how much Windows Phone and Android are set to benefit.
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