“On September 9, 2014, Apple will be hosting a press event at the Flint Center for the Performing Arts in Cupertino. The minimalist invitations simply superimposed the date and ‘wish we could say more’ message against the top of the Apple logo,” Kofi Bofah writes for Seeking Alpha. “In prior years, Apple held these events at its own campus Town Hall or the Yerba Buena Center in San Francisco. Steve Jobs did unveil the original Macintosh computer at the Flint Center thirty years ago. This year, Apple has actually taken to building a three-story ‘giant structure’ behind the Flint Center in preparation for the press event. The technology commentariat has been rife with anticipation regarding the possible goings on behind the Apple veil.”
“Most likely, Apple will take the opportunity to unveil the iPhone 6 alongside the iPad Air 2 and iPad Mini 3 as the logical extensions of existing product lines. From there, the rumor mill has suggested that Apple will break new ground, in terms of bringing a wearable device to market. Specifically, financial analysts and industry insiders remain in eager anticipation of an iWatch out of Apple,” Bofah writes. “In any event, Apple shares are likely to remain relatively cheap through the near-term. Long-term investors may consider buying stock into Apple rumors and news before and after the September 9 date in order to best manage volatility.”
Read more in the full article here.
Methinks this will all be about the wearable.
What about Apple TV with watch as remote control??
Jobs said he solved the remote problem before he died.
Steve Jobs never said any such thing. Look up what he really said.
Historically AAPL goes down several percent after new product announcement. Then goes up a bit then down again hard after new product is available. Takes a while to get back up but it will go up. You got to have nerves of steel to stay long. But I will because we have seen this drop many times over. Keep the faith.
Not necessarily – Before the 5s reveal in 2013 there was a stock price increase and then after the reveal the price decreased. A few days before the 5 reveal the stock dropped about 3 percent. After the 5 reveal the stock increased over 6 percent during a six day period. This year there has been a significant drop before the reveal.
Ignore the background static and stay the course is about all we can do. I believe Tim Cook has done everything expected of his position and if that’s not good enough for Wall Street then there’s not much else he can do. No matter, I’m sticking with Apple and happily taking my dividends.
I’ll bet so much investors’ money is going to be poured into the Alibaba IPO that Apple will be completely ignored. That’s the way the stock market operates. On fairy dust and and promised future gains.
If you’re a long-term investor, all the noise about Apple stock dropping following the announcements amounts to nothing. Apple stock usually does following the announcements, as the reality can’t match the hype and ridiculous rumors.
What matters to the long-term investor is how Apple, or any company in which you might invest, grows its earnings and cash. In the short term, a company might not meet the often inaccurate projections of analysts. But in the long run, the true performance of the company bubbles to the surface. As long as Apple continues to grow earnings and cash, and avoids getting into debt, I’m confident that my investment in the company will benefit me greatly.
Yes, it really is that simple.
So enjoy the announcements tomorrow and ignore all the post-event punditry. In the long run, the idiotic chatter and noise won’t matter. Earnings and cash growth will.
Judging from information I have received from a source close the matter, I think Tim Cook may appear.
Analysts speculate that new products are to be announced on September 9th by Apple.
Buy the rumor and buy the news? Not really.
So far it’s been sell the rumor and will likely be sell the news. I hate to be pessimistic but it really looks like that’s how it’s going to be. We’ll most likely have to wait for the financial quarter to end to see any gains at all. Apple has been meeting an awful lot of resistance lately and it all started with Hargreaves opening his ugly mug. Apple is going to have to post some decent product sales before the stock is going to move. I can’t believe any share gains are going to be tied to an announcement of some amazing product. I honestly don’t believe the tech pundits can be impressed by anything from Apple. They’ve become too jaded to realize a good thing. I know Apple will be buying back shares on the dip and those shares will rise eventually. I’m just not going to expect any large gains until Apple actually sells about 75 million iPhones and 20 million wearable devices.
Pretty Much agree.
After the iPhone was announced the tech media was negative, some even laughed at the idea that the iPhone could succeed at it’s price and with no physical keyboard. After the iPad was announced the tech media laughed again, about the rediculous Hugh iPod, and we all suffered through many “pad” jokes.
Based on history, I kind of hope for a repeat of the short sighted commentary that just doesn’t “get it”, the paid negative reviews, the laughable “disappointment” over amazing new tech, etc. that pretty consistently follows Apple’s ground breaking announcements. That is often the most clear indication that Apple has another hit on it’s hands.
’twas the night before Christmas and all through the house, not a peripheral was stirring, not even a mouse.
More hype!!
http://abcnews.go.com/WNT/video/abcs-david-muir-anchor-exclusive-apple-makes-history-25361573
Yup. That’s why they built that huge structure. To introduce a tiny watch. Ugh…
And tomorrow the Samsung anti-Apple spin machine will go into gear to proclaim everything a big fail. Remember to follow through MDN and “think before you click”.