Apple iPhone effect on the stockmarket

Posted on Wednesday, January 10 2007 @ 16:27 CET by Thomas De Maesschalck

Apple's announcement of the iPhone at MacWorld yesterday increased Apple's stock price with more than 10% compared to yesterday morning.

The announcement also had big consequences for smartphone makers Palm and Research in Motion. Compared to yesterday morning Palm's stock price is almost 5% down and RIM's stock price dropped more than 7%.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Re: Apple iPhone effect on the stockmarket
by Anonymous on Thursday, January 11 2007 @ 4:51 CET

As always: "I wish I realized yesterday that this was going to happen.."

Then invest $15k and make roughly $1,500 profit.. damn.

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