Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 11th of September.
There is no question about it, most analysts did not like Apple's press conference yesterday and viewed it as a very disappointing event.
But what really happened? Apple (NASDAQ:AAPL) came out with some stellar upgrades such as moving to 64bit architecture and software updates in what I consider to be the best operating system on the planet for mobile. They also unveiled a fingerprint technology that reaches a whole new level of security and puts Apple way ahead of most companies. I think this type of technology could be a Trojan horse for Apple in the corporate world. It also opens up a whole new market for Apple where security is essential, for example, think of online banking transactions. If that was not enough, Apple is also giving away their iWork software to new iPhone buyers. Continue reading "Apple Tanks and The NASDAQ Sinks"