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Apple after the bell 08/08/06: downwards slide continues with disappointment in WWDC announcements

Apple's stock continued to slide today, down $2.43 to end at $64.78 as investors reacted to the lack of unexpected product releases at Apple's developer's conference with disappointment. As some pundits have pointed out, WWDC is a developers-oriented conference. This should not be a surprise. Announcing the expected and high-end Mac Pro made sense (and as American Technology Analyst Shaw Wu points out the Pro will likely sell well due to pent up demand from high-end users who've been waiting for it), consumer products in the line would make more sense to be announced closer to the back-to-school season.

Indications that consumer products and updates are still in the pipeline come from Robert Scoble, who apologizes for helping fuel the Apple rumor cycle, but maintains his sources say some exciting stuff is coming soon.

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Last updated: May 25, 2012: 08:32 PM

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