Apple shares drop nearly 3%, dip below $90 on Mac OS X Leopard delay
Thursday, April 12, 2007 - 05:15 PM EDT
"Apple's iPhone is coming -- but at a price," Priya Ganapati reports for TheStreet.com.
"Its much-anticipated music player/handheld device will ship in late June as planned, but the company's Leopard operating system, a rival to Microsoft's Vista operating system upgrade, will be delayed, according to Apple," Ganapati reports. "The Cupertino, Calif.,-based company has had to divert engineering resources to the iPhone and as a result will push the release of Leopard back by at least three months to October, it said in a statement."
Ganapati reports, "Shares of Apple were recently off $2.45, or 2.7%, to $89.74 in extended trading. During the past week, several sell-side analysts had expected a June release of Leopard to reaccelerate growth."
Full article here.
MacDailyNews Take: Some investors might consider this a nice opportunity.
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Related article:
Apple delays Mac OS X Leopard until October 2007, blames iPhone - April 12, 2007

Well duh. Buy more.