At Apple’s California event, the world was expecting the grand reveal of the iPhone 5. Instead, Apple announced the iPhone 4S along with iOS 5. The surprise move left many disappointed, as there was no iPhone 5 to talk about. Right after the announcement, Apple’s stock price dropped by nearly 5%.
Read: Apple announces The iPhone 4S officially
The overall market was already under pressure, with shares of several companies falling on the same day. But this is not the first time Apple has seen its stock dip after an unexpected reveal. Back in 2010, during the launch of the first iPad, Apple’s stock had also fallen by around 2.5%.
Despite the negative reaction, Apple positioned the iPhone 4S as the true next-generation iPhone. It brought significant upgrades — a faster processor, an improved camera, and the introduction of Siri, Apple’s new voice assistant that would go on to become a key feature in iPhones.
Read more: iPhone 4S features and specifications
The question at that time was simple: Is the iPhone 4S a worthy successor, or just a small step before the iPhone 5?
What do you think? Was the iPhone 4S underwhelming compared to Apple’s usual big leaps, or did it set the foundation for the future of iPhones? Share your thoughts in the comments.
