“That was a quick ride. Shares of Apple slumped 3% after Web site Engadget reported that the company’s iPhone product was being delayed until October, saying ‘we have it on authority that as of today, the iPhone launch is being pushed back from June to… October (!),'” David Gaffen blogs for The Wall Street Journal.
Gaffen reports, “The panic didn’t last: Around 12:15 p.m. EDT, Engadget… updated its post to say that Apple’s public-relations folks said iPhone was still on track and that an internal memo to which Engadget was privy had been ‘redacted.'”
“‘This communication is fake and did not come from Apple. Apple is on track to ship iPhone in late June and Mac OS X Leopard in October,’ said Apple spokeswoman Natalie Kerris,” Gaffen reports.
“Update: Engadget’s post is evolving. They’ve now posted the text of the bogus email they received, and the legitimate Apple email that followed,” Gaffen reports.
Full article here.
We received the same fake email this morning. Unlike some other media outlets, we checked with Apple for confirmation and were told, “Apple is on track to ship iPhone in late June and Mac OS X Leopard in October.” Congrats to those who got in on a nice artificial buying opportunity. APPL dipped as low as $103.42, but has since recovered and is currently trading down just $0.38 at $107.14 per share.