NEW YORK (AP) — Here's a market riddle for you: Why does Apple's stock fall on the same day the company reveals a new product?
A hot gadget would seemingly give investors reason to buy more shares. But, since early 2007, the stock has fallen about half the time following a major product announcement. That's either because of high investor expectations or sheer bad timing, such as when Apple debuts a product on a day that the rest of the stock market is falling.
Apple Inc.'s stock lost $2.10, or 0.6 percent, dipping to $372.50 on Monday after the company revealed the newest iPhone model, the 4S. That version will be faster and more powerful than previous models. But some …
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