Apple stock price before WWDC
By Jason Hines on June 5, 2009
We saw this story on the web “Apple’s shares have risen about 17 percent in the past two weeks, compared with a 5.7 percent gain in the Dow Jones Industrial Average during the same period.”
“The consensus expectation is that they will also announce the next iteration of the iPhone,” said Oppenheimer & Co analyst Yair Reiner.
Obviously you then get interested – will there be enough substance at the developer conference or not for the Apple stock price to hold up? We pose the query “Apple Next Week” and can learn a whole lot about Steve Jobs returning as CEO, Steve Jobs not speaking at Apple WWDC, new operating system for the iPhone, potential new iPhones, analysts being modestly excited about new line-up, etc. etc. If you pull it together – will there be enough substance to hold up the stock price? Should you short it? Or is it time to stack up – the economy is turning around, and Apple will lead the way?
As always, we welcome your comments below!
P.S with the benefit of hindsight we now know that the stock price fell $4 same day as the WWDC was held but came back at end of the day.
P. S. S posing the query Quotation ‘iPhone 3Gs’ we can now find out also that John Gruber had heard that the phone could be called iPhone 3GS. I guess we’re going forward are going to watch out for John Gruber’s predictions!