The investors in stock market doesn’t seems to be happy after the announcement of iPhone 5S and iPhone 5C later today by Apple. Whenever there is a rumor regarding a new iPhone launch prior to official announcement, the AAPL stock prices start skyrocketing and when the official announcement is done by Apple, the shares price fire up’s to the highest mark. This time something different happened with AAPL Shares price.
The price of AAPL went high based on rumors and after today’s official announcement of iPhone 5S and iPhone 5C, the prices of AAPL shares fall down by about 3%.
The Wall Street Journal isn’t closed, hence there is sometime reaming for the traders to trade in AAPL Shares and revive this fall. However, the sudden fall in AAPL Shares on the launch day is shocking because this usually doesn’t happens with AAPL Shares.
It seems like the design of iPhone 5C failed to impress the Wall Street Journal investors or they didn’t liked the price of iPhone 5C as a mid-range iPhone. In other words, we can say that iPhone 5C is over priced.