Apple shares drop as UBS analysts say Steve Jobs’ keynote ‘a bit disappointing’

“UBS analysts said Apple’s (AAPL) MacWorld was ‘a bit disappointing.’ The firm says shares could see some further weakness, but is set up positively long-term,” Eli Hoffmann reports for Seeking Alpha.

Apple is currently down $11.28, or 6.31%, to $167.50 on heavy volume of 59.42 million shares.

Full article here.

55 Comments

  1. To me it felt like SJ was building up for something revolutionary or really over the top…Then it ended leaving me like Oliver Twist (“Please sir, I want some more”).

    Very disappointing MacWorld in combination with a bad market day has made for some sad looking stock!

    On the brighter side… Wait till 4th quarter results are announced. Its sure to spike into the green!

  2. Setting up a great buy opportunity. When the real analysis of the Apple keynote comes in, the smart money will see the import of today’s news. What is not talked about, but evident, is the strength and power of OS X. Those of us with Apple products are seeing our seeing our hardware take on new capabilities with a software update. And these are pretty majors additions to what we already have, for the most part at no cost. The upgrade coming to TV owners is frankly incredible.

  3. I don’t get it… how was it disappointing? Were people actually expecting MORE? They released tons of new products. And if it’s about a tablet, get over it. There is little chance Apple will ever release a tablet. There’s NO market for one outside geeks.

  4. This trend follows the last few big speeches….the reality can never match the hype. Then a few days later everyone realized what great shape the company is in and jumps back on board.

    So buy now while it’s cheap, it will rebound within the week…

  5. Disappointing indeed!

    The only interesting part of it was the new maps features for the iPhone… but that was already leaked.

    MacBook Air? All flash, little substance! Who really is going to miss the 1/4″ to 1/2″ of height in a notebook that’s less than 1″ to begin with?! It’s much slower, lacks a built-in media drive, and costs much more than MacBooks. PURE WASTE!

    The true star of MacWorld is GOOGLE! How the heck did that happen?

    On another note, what a good time to buy Apple! But we always say that when stock is down. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  6. okay….hmmmm…this installing programs using another computer via wireless…
    isn´t there a problem with licensing in that aren´t you only supposed to have the software on one computer at a time????
    (don´t tell me that one is just using the dvd/cd drive of another computer…if the software is loaded on one, it´s loaded on both…)
    ———————-

    i think perhaps this computer is a little ahead of the rest of the world—too wireless thinking for right now…when there is not that much wireless out there.
    ——————

    AppleTV is big….though I will never use it.
    And glad to see Steve Jobs agreeing with me that AppleTV version 1 sucked.
    ——————–

    It does look we are near the end of something new coming from Apple. It´s been a nice ride, but now Apple is all about receiving and displaying content.

  7. Ha Ha Ha……when people say Jobs will announce a real time machine to go back in time to restore your broken CPU or Hard drive, then he doesnt because it defies all possible laws of physics they are disappointed.

    This is what happens when moron analysts think they know what they are doing and over hype somthing based on complete CRAP.

    Buy the stock now so u can sell it the next time they over hype it and make a few dollars so you can afford the SSD upgrade on the Macbook air!

  8. I am looking at the UBS report and I don’t see the word disappointing anywhere in here. They do say that Iphone sales were “solid” and leopard sales “surged”. They also kept their $235 price target on the stock and say that it is still a great long term stock.

  9. > mr_matalino wrote: Who are the idiots that sell because the keynote was “a bit disappointing”?

    You’re one.

    Ahhh… so refreshing to lower myself to the standards of the MDN community. Not offer anything of substance in my post, but resort to name-calling. So refreshing.

  10. I love what they’ve done… Complete idiots these analysts are… Apple is the same company from 6 months ago and a year ago that people projected over $200 plus… If you’re in for the long haul then just buy on the dips. Speculators are morons. If the company was good 6 months ago, a simple KeyNote speech shouldn’t change things. The products introduced are all great…

  11. Just need to look at it as a buying opportunity.
    They want Holiday sells numbers in the keynote, something Apple does not do, without the quarterly report being due in a few days and Oppenheimer’s blessing that the number are final an it will not effect shareholder value. In these days that is going to be very rare that Oppenheimer would approve anything early and even Steve does not question Oppenheimer’s wisdom.

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