iPad Mini launch fails to impress Wall Street
Despite shoppers lining up around the world for Apple’s freshly launched tablets, Wall Street appears to be unimpressed.
Shares of Apple’s stock closed at $576.67, down $19.87, or 3.33 percent, on Friday, continuing a downward trend since late September.
The dip comes amid what appears to be brisk sales of the iPad Mini, though at a noticeably smaller scale than that of other major product launches. Analysts expect the company to sell anywhere from 800,000 to 1.5 million of the devices this weekend, which would be half the number of third-generation iPads Apple sold earlier this year in…
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