Scalper1 News
I nvestors gave Apple a slap on the wrist Tuesday, a day after the company detailed its upcoming Apple Watch release. Apple stock was down more than 2% in early afternoon trading on the stock market today. The Cupertino, Calif.-based company earned mixed reviews for its spring product launch event Monday in San Francisco. Besides the new smartwatch, Apple unveiled a super thin and light MacBook notebook computer and a lower-cost Apple TV set-top box. Apple revealed pricing and applications for the Apple Watch, which will launch on April 24 in nine countries, with models ranging from $349 to $17,000. Pacific Crest Securities analyst Andy Hargreaves said the Apple Watch is the world’s best smartwatch, but questioned if the world actually wants smartwatches. “We remain somewhat skeptical of the device’s ability to drive mainstream adoption,” he said in a research note Monday. He expects Apple to sell out of its initial… Scalper1 News
Scalper1 News