Apple stock fell after announcing a new version of iOS and the ‘HomePod’ at its big conference

Apple stock price dropped as investors digested all the announcements from WWDC 2017.

The Cupertino-based company announced a litany of new hardware and software products. A new iPhone operating system was one of the biggest announcements, but a new pro-focused iMac and a smart speaker dubbed the “HomePod” also drew lots of attention.

Apple’s shares ended the day lower by 0.98% at $153.93. During last year’s conference, shares fell by 1.37% and ended trading at $97.34. Shares of Apple were trading lower ahead of Monday’s conference as well.

Apple also faced a downgrade by Pacific Crest on Monday. So far this year, Apple shares are up 32.61%. To compare, the S&P 500 is up 15.49%.

source
Markets Insider