Apple iPhone 4S fails to impress Wall Street

By on Oct 4, 2011 at 6:20 PM
Business October 4, 2011

Apple took the wraps off of the iPhone 4S today but its stock price dipped by as much as 5% as investors looked to the Cupertino-based company to release a more impressive next-generation smartphone. Fifteen months after last updating its iPhone, investors wanted to see an all new design but instead were met with an incremental update in a case identical to the iPhone 4. It offers a dual-core Apple A5 processor, an improved 8-megapixel camera capable of recording 1080p HD video and Apple’s new voice-based Siri technology, but the iPhone 4S does not offer a completely revamped industrial design, as many had suspected. The iPhone 4S will launch on October 14th and Sprint will join AT&T and Verizon Wireless in offering the phone. Apple’s stock closed down 0.56% on Tuesday.

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  • BowDown

    What the heck is Wallstreet thinking?  This is Apple.  They sold a phone that didn’t make PHONE calls and gave everyone a rubber band to make it work as a PHONE and that PHONE sold millions of units.  This thing will sell millions too because Apple has won, it is like Big Brother in 1984, it cannot be defeated.  They are masters at this game.  This the only negative article that BGR has posted on Apple in probably a month – and its not even dissing the actual phone, just repeating what Wallstreet said.  Apple is king, you cannot stop it, no matter what – can you IMAGINE IF RIM HAD DONE THIS?

  • Jamma3

    Hey Boy Gennie Ass you need some bad news from RIM  to take away from all the rumors of the failed iphone 5 secrets you knew…LMAO

  • One

    They fell into their own hole, ppl don’t care about what’s under the hood,

    pretty face
    what matters!

  • http://www.absolutefiction.com Jed Tylman

    They’re playing the catchup game now.
    What do you think is going to happen?

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