While most of us Mac users were happy with today’s WWDC announcements, some people in Wall Street weren’t.
Today, thanks to the announcements, or lack of announcements, at WWDC, Apple’s stock price tanked almost 3.5% today, hitting $120.19 (though the stock has recovered 0.99% to $121.38 in after-hours trading at time of publishing). This was due to the fact that Wall Street, unlike Apple geeks, aren’t too thrilled about Leopard, due to Apple’s small PC market share and the new OS’s low chance of expanding it. In fact, what Wall Street wanted most is what the Apple community is mostly sick of — iPhone information. That, and new iPods, could have raised the stock price dramatically, as it did during this year’s Macworld Expo. The one thing analysts did find somewhat interesting today was Safari’s debut as a Windows app, though Steve Jobs never gave a target market share for the browser.
DISCLAIMER: Aaron Freedman holds 10 shares of Apple stock (and possibly more through mutual funds, ETFs, etc.)
This was due to the fact that Wall Street, unlike Apple geeks, aren't too thrilled about Leopard, due to Apple's small PC market share and the new OS's low chance of expanding it.
Uhhh, hello, but Apple has been expanding its marketshare for almost a year now without leopard. So I don't think this reason really pans out at all. And I really don't know what there problem is but Apple's marketshare has been steadily increasing as of late. Chances are leopard will double the rate of marketshare increases as it has some real features people can actually use unlike Vista.