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Apple Stock falls 5% after iPhone Event

Deepanker Verma October 5, 2011 iPhone

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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.

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.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.