Apple announced two new iPhones yesterday, but the company's stock has turned south in the day following the event in Cupertino. While the lead-up to Tuesday's smartphone reveals had inspired some apparent confidence in investors, within a couple hours Apple found itself below the $500 per-share mark.On Tuesday, at around 2pm, Apple's shares had dipped about 2 percent. But on Wednesday, Cupertino is continuing to struggle with a low-point of 6 percent loss, or around $465 a share.
Of course, it's important to remember Apple has seen similar lags in share prices after previous announcements.According to The Guardian, the low stock prices could be in response to the iPhone 5c. While the on-carrier arrangement offers a $99 iPhone, the unlocked price is still seen by some analysts as being too pricy.
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