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Apple sheds value during iPhone event

TechMatters
September 15, 2021

Apple sheds value during iPhone event

The TechCrunch crew is hard at work writing up the latest from Apple’s iPhone, iPad and Apple Watch event. They have good greenbacks on the megacorp’s hardware updates. But what are the markets saying about the same array of commodities?

For those of us more concerned with effective S& P gain provides than screen nit degrees, occasions like Apple’s confab are more interesting for what they might mean for the value of the hosting company than how many GPUs a particular smartphone model has. And, for formerly, Apple’s capital may have done something a little interesting during the event!

Observe the chart below 😛 TAGEND

Image Credits: TechCrunch/ Y Charts

This is a one-day chart, thoughts, so we’re looking at intraday alterations. We’re zoomed in. And Apple kinda made a bit of a dive during its event that knocked off at 1 p.m. in the above chart.

Normally nothing of import happens to Apple’s shares during its presents. Which feels eerie, frankly, as Apple contests detail the commodity combination that will generate hundreds of billions in receipt. You’d think that they would have more impact than their usual zero.

But today, we had real share toll push when the event wrap around 2 p.m. ET. Perhaps investors were hoping for more expensive devices? Or were hoping Apple had more up its sleeve? How you rate that celebration Apple product lineup is a matter of personal predilection, but investors appear to have weighed in slightly to the negative.

Worth around $2.5 trillion, each 1% that Apple’s inventory moves is worth $ 10 billion. Apple’s loss of 1.5% today — more or less; trading continues as I write this — is worth more than Mailchimp. It’s a lot of money.

You can speak the rest of our coverage from the Apple event here.Enjoy!

Read more: feedproxy.google.com

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