Regardless of announcing some new updates including iCloud, iOS 5 and Mac OS X Lion in Apple’s WWDC 2011, The Apple stock price fell dramatically this afternoon losing 4.57% of its value.
Seems the investors already know that apple has fell behind the competition and has nothing new to offer. I expect more price fall and a gap between today’s closing price and tomorrow’s opening price for AAPL.
It is very clear that market is not satisfied and will continue to react to absence of announcement of an iPhone 5.
Many apple lovers were waiting for iPhone 5 and with no clear release date, a large portion will decide to not to wait anymore and buy an available phone.
It makes a brilliant opportunity for android device makers like Samsung, HTC, LG and Motorola to saturate the market with their own products and cut the Apple’s market share even faster.
Some rumors suggest that iPhone 5 will be released with iOS 5 this fall, but even if it’s true, it is a very bad move for Apple. disappointing many customers.
It is time to say goodbye to iPhone and switch to Android devices 🙂