Apple iPhone 4S fails to impress Wall Street

[DaMan]

<a href="http://www.bgr.com/2011/10/04/apple-iphone-4s-fails-to-impress-wall-street"><img class="aligncenter size-full wp-image-106635" title="2008-09-NYSE-day-2-1200" src="http://www-bgr-com.vimg.net/wp-content/uploads/2011/10/2008-09-NYSE-day-2-1200.jpg" alt="" width="652" height="302" /></a>

Apple <a href="http://www.bgr.com/2011/10/04/apple-iphone-4s-unveiled/">took the wraps off of the iPhone 4S</a> today but its stock price dipped by as much as 5% as investors looked to the Cupertino-based company to release a more impressive next-generation smartphone. Fifteen months after last updating its iPhone, investors wanted to see an all new design but instead were met with an incremental update in a case identical to the iPhone 4. It offers a dual-core Apple A5 processor, an improved 8-megapixel camera capable of recording 1080p HD video and Apple’s new voice-based Siri technology, but the iPhone 4S does not offer a completely revamped industrial design, as many had suspected. The iPhone 4S will launch on October 14th and Sprint will join AT&T and Verizon Wireless in offering the phone. Apple’s stock closed down 0.56% on Tuesday.

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Via BRG - Boy Genius Report