Apple shares fall as CIBC sees ‘iPhone’ release delayed

“Apple Computer Inc. shares fell [today] after CIBC World Markets analyst Ittal Kidron said he believes the company’s anticipated iPhone product will come out in either the late first quarter or early second quarter of 2007,” Rex Crum reports for MarketWatch.

Apple shares are currently off $2.60, or -2.89%, to stand at $87.23.

Full article here.

38 Comments

  1. rumor,

    Did you really say that?? “The stock went up on speculation (intelligent guesses) and if that speculation does not pan out the price should fall. You are the idiots!!

    People want Apple to do something. Based upon random wild guesses by people all trying to out do each other, more speculation grows.
    Then someone specualtes that the prior speculation about certain best guesses (ie speculation) may be delayed (not canceled). And that is the reason for a price, which bobs like an apple in rough seas, goes up or down???????

    Just pure speculation, I say. : -)

    N.

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