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Broad Market Losses, but Apple was a Buy
posted in Apple (AAPL), Steve Jobs |It was hard to look past the markets more than 300 point decline due to jobless claims and oils $10+ leap per barrel in one day. But something was quite curious about Apple’s stock. It was down, and down more than $3 per share going into the WWDC.
While almost the entire market suffered losses, Apple should have been bought. We’re going into a weekend before the WWDC, when speculation will run rampant and more news will hit the street. Then on Monday, Steve Jobs will be set to take the stage in one of the most anticipated keynote speeches ever.
Set to release an updated 3G iPhone, possible operating system information (i.e. rumors about OS X 10.6 - Snow Leopard), information on a new .Mac platform, and a host of new revisions, Jobs is going to have plenty to show the street.
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