Apple’s stock went more than 5% down after the presentation of iPhone 5C and 5S. It seems like investors are not impressed with the new low-price version of iPhone 5, which is iPhone 5C. The price of the so-called cheaper model is not as low as expected, which is another reason why investors are disappointed.
For years, Apple has been considered a manufacturer of premium-class computer electronics. However, over the recent months people have been discussing Apple’s intension to conquer the low-price niche of the market.
However, the retail price of iPhone 5C starts from $549 per devices, which doesn’t’ fit into the niche. Experts say that Apple was planning to conquer China’s market but the actual price is far from being low, and China is unlikely to show a positive response to it.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Dell’s stock. The price is still retracing.
