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Apple Stock is down ahead of iPad mini Event

Oct 23 2012, 11:04am CDT | by , in News | Apple

Apple Stock is down ahead of iPad mini Event

AAPL stock has suffered quite some loss since its high at the iPhone 5 launch

The Apple stock was at over $700 just a month ago. Now it is trading around $622. Today the Apple stock is down about 1.5% ($9.66) ahead of the big iPad mini event. Apple will unveil several new products including iPad mini, iPad 3 with Lightning, 13-inch MacBook Pro with Retina Display, updated iMacs and updated Mac minis. Apple is expected to make a play for the iPad mini in the educational market.

Apparently investors are not too enthused about the rumored new announcements Apple is expected to make. I am only concerned that the iPad mini price is maybe coming out to high. To deliver the death blow against the $199 7-inch Android tablets, Apple needs to price the iPad mini under $300. Latest rumors though see the price above $300.

Get the latest real-time updates about the Apple Media Event in our Apple Event Living Story, featuring commentary and reports from around the web as well as Tweets and videos. The Apple Media event is finally again streamed live.

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