Home > Article > Apple gets no love from Wall Street for new iPhone – Yahoo! News

Apple gets no love from Wall Street for new iPhone – Yahoo! News

CUPERTINO, CA - OCTOBER 04:  Tim Cook speaks a...

Image by Getty Images via @daylife

CUPERTINO, California AP — The most closely kept secret about the iPhone 5? There isn’t one — yet.

The new iPhone is faster, has a better camera and allows you to sync content without needing a computer. It includes a futuristic, voice-activated service that responds to spoken commands and questions such as “Do I need an umbrella today?” It will now be available to Sprint customers as well as those from AT&T and Verizon Wireless.

But there’s a catch. Apple named it 4S when most people were expecting the iPhone 5. Immediately, tech bloggers and Apple fans alike began to wonder if this new iPhone was not as cool as they had hoped. Investors were disappointed, too. Apple’s stock fell more than 5 percent before getting a late bump.

If Tuesday’s unveiling seemed like a letdown, it was because Apple didn’t do a good job of managing expectations. That’s a familiar problem for Apple, whose penchant for secrecy invites hyperbolic speculation between its product announcements. Given that it had been 16 months since the previous iPhone hit the market, imaginations had even more time to run wild this time.

“This is the typical Apple scenario: People keep wanting it to do the impossible,” said Tim Bajarin, a Creative Strategies analyst who has been following the company for decades.

via Apple gets no love from Wall Street for new iPhone – Yahoo! News.

Strange Random Phone Quote:

If The Phone Doesn’t Ring, It’s Me. – Song title by Jimmy Buffet

 

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