“Apple Inc. Chief Executive Steve Jobs used the stage at the company’s annual developers conference Monday to show off Leopard, the up-coming version of the company’s famous operating system,” Rex Crum and Dan Gallagher report for MarketWatch.
“Jobs gave little new information about the company’s wildly anticipated iPhone, slated to go on sale in three weeks. Nor did he announce any news related to the company’s popular iPod digital music players,” Crum and Gallagher report.
“He did say that Apple has launched a new version of its Web browser software for Windows users. He also outlined a system by which independent developers can write new programs for the iPhone – though he stopped short of opening up the device’s software code for developers,” Crum and Gallagher report.
“Lack of news about the iPhone may have contributed to the weakness in Apple’s shares following Jobs’ keynote address at the company’s Worldwide Developers Conference in San Francisco,” Crum and Gallagher report.
“After concluding his speech, Apple’s shares slipped more than 3% to a low of $120.30. The stock has been on a tear of late – surging nearly 40% in the last two months on anticipation of the iPhone’s potential business,” Crum and Gallagher report. “The stock was trading up about 1% before Jobs took the stage.”
Full article here.
They had to expect this after touting “top secret” features and then showing us a new finder with coverflow and a transparent dashboard with stacks… Cool features, yes, but “Top Secret?” Come on…
It’s a pretty sad day when the biggest news to come out of a Stevenote is a new browser for Windows. Sigh.
I’m not sure investors would have expected. Patience, patience, everything is on track!
i love the apple community…..
the windows community gets served a crap OS for $400 and calls it the greatest thing since sliced bread. the apple community gets the best OS on earth, one reasonable price, and looks at the company and says “what, is that all you have?”
MW: problems. as in “every 6 months the problems of the apple community become apparent….
The market wants EVEN MORE news regarding the iPhone. I guess because the news so far is just not good enough? Sheesh! It’ll be the best damn device on the market – by far(!) – and that still isn’t good enough.
And I suppose people were really wanting some new hardware announcements regarding the Mac line – but I think it should be fairly apparent that Apple wants nothing to distract from the impending release of the iPhone.
It’s just weird that each time we have a Steve-note, so many people express so much dissapointment that every single one of their computer-related wet dreams did not become a reality all in the blink of an eye.
Geez, what spoiled people. Apple can’t reinvent the wheel every 6 months.
What more news did they want about the iPhone at a developer conference.
The bloody thing doesn’t even start shipping for another 18 days.
Surely you shouldn’t be allowed to buy shares until you have a functioning capacity for logic and reason.
Finicky day investors with a short term vision.
i don’t see what the fuss is about. this was supposed to showcase Leopard. Done that. They gave a little hint of iPhone. Done that.
If anything a couple of things will now happen:
1. they are finally committing to the Game market space. By next quarter this should result in a couple more Mac marketshare gains.
2. Leopard is now officially on target. and Vista is now officially outdated. a half percentage point market share will result of this. Mor macs being sold.
3.Safari on Windows. the missing link to iPhone for Windows users. It is now possible
@Shen
The problem is not Leopard, it looks awesome.. The problem is Steve already showed us 90% of it last year.. And the 10% of new stuff is hardly worth calling “Top Secret.”
Stacks are pretty cool. I’m glad they’re not calling them Piles any more. Core animation was pretty amazing. I’m surprised there wasn’t more on multi-touch. Let’s see what the devs can do with all of the cores in place.
Well… when your favourite shares recede – what do wise investors do? Those who old for the long term. Those who bought under at $15 before the first split and have increased their holding on a steady consistant basis?
Those PERSONS buy the phuque outta a price drop and then sit back and enjoy the climb!!!
Buy more!!! Time to buy yesterdays prices!
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mdn = persons
Thanks too all the posters on this story thread…..finally some people in the Mac community with some brains today!!!!!
Shen,
when you have Steve promising “Top Secret” features and then doesn’t unveil them… of course people feel underwhelmed. (Although Time Machine backing up via Airport is cool).
As for the stock price, that’s not the Apple Community…
I loved the Leopard announcements and even the Safari announcements, whic is kind of a no brainer now that iPhone will be shipping with a full version of it. But the iPhone “announcement” was completely unnecessary, unless they were finally going to announce how much the AT&T plans were going to cost. At this point, I really dont think that AT&T will have any special plans for the iPhone. Steve should have just given us a speed-bumped iMac (maybe with the Core 2 Quad chips) and got off the stage. That would have been the better track to follow.
I agree with Pete. Apple made it appear that something really big would be announced by calling them “Top Secret” features. If they market it that way, the expectations would not have been so high.
“Apple can’t reinvent the wheel every 6 months.”
BLASPHEMER!
(j/k)
P.S. I would pay good money for a picture of Ballmer’s expression when Safari for Windows was announced.
these people are ridiculous. apple says there’s gonna be 3rd party apps for the iphone (something everyone has wanted to know about), shows off some cool new leopard features, drops an a-bomb on IE with safari, and investors are all like “what, no quad core mac mini with sli 8800gtx?? f*ck you apple!”
somewhat related, this post comes to you via safari 3.0 running on a 15″ 1.25ghz powerbook. it feels MUCH faster than old safari, firefox or even webkit! i also downloaded the win version for the athlon xp that’s about to become a MAME cabinet – very nice so far.
@ “what the hell?” You are so spot on!!!
Oh – and this is a DEVELOPERS conference! No bouncing and screaming – just steady information and news and two “one more things” that were icing on the cake for DEVELOPERS!!!
Proverbial half wits who complain about that which they have no idea!
mdn – half
They stuff Steve showed was neat but overall that was the most ho-hum keynote I have seen since I switched to the mac 6 years ago. Heck, even the … one more thing was pretty small. A new browser for windows. I am glad to have it but he could have spent 30 seconds mentioning it and have been done with it. It certainly wasn’t worth the “one more thing” space.
Buy on rumors sell on news !!!
Thats why the news is never as good as the rumors thats all it is it will start climbing like it was b4 from tomoz
@mizuinAus
Actually, you’re the one with no idea.. Apart from the Intel announcement in 2005, every single WWDC has featured a major new hardware announcement.
I saw that he located an organization chart from the iPhone in the demo. Did anyone see the structure well enough to know who is #2?
I would pay good money for a picture of Ballmer’s expression when Safari for Windows was announced
—————-
Why would you think that Ballmer even cares? There are tons of web browsers available for Windows. IE still has an 80% share.
I like Safari and all, but let’s be honest, there is nothing groundbreaking or revolutionary about it that’s gonna make every IE and Firefox user out there suddenly switch.. It’s pretty much just an ordinary browser.
The drop in stock price was totally predictable. No story there. Just planned selling by traders taking recent profits off the table.
What a crappy 24 hours… I don’t know what was worse, the “Sopranos” finale or today’s Keynote address. Oh well, maybe the drug store will let me return the unopened package of Depenz since there was nothing worth peeing myself over.
Bleh…the market has more mood swings than Paris Hilton.