David Zeiler: At its special event today (Tuesday), Apple Inc. (NASDAQ:AAPL) proved it still has plenty of innovative fire in its belly.
But Wall Street apparently wanted more, as the Apple stock price slipped into negative territory after the event ended, after rising as high as $103.08 while the iPhone 6, Apple Pay, and the Apple Watch were being unveiled.
AAPL closed Tuesday at $97.99, down 0.38%.
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CLICK HERE to get your Free E-Book, 'The Little Black Book Of Billionaires Secrets'The AAPL stock price will probably meander in the short term as investors try to get a grasp on what today's Apple news really means for future profits.
One problem for the Apple stock price is that most of this new was at least partially leaked before the event. What's more, the impact of some of today's announcements won't hit the bottom line until next year, which was reason enough for Wall Street to pout.
Investors may also have doubts about the Apple Pay system, but the company's emphasis on privacy and security at least shows it gets what matters when it comes to payments.
What matters is what each of these products will do for Apple stock down the line, and from what we saw today, each is likely to add significantly to the company's earnings.
The iPhone 6′s Impact on the Apple Stock PriceHere's a closer look at the products that the Cupertino, Calif. company announced today, and what they could do for AAPL.
Few were surprised by the iPhone 6 announcements - Apple senior vice president of worldwide marketing Phil Schiller even joked about people already knowing the two larger sizes of the iPhone displays, 4.7 inches and 5.5 inches.
The iPhone 6 is the smaller product, while the 5.5-inch version gets the moniker iPhone 6 Plus.
In fact, despite lots of other improvements - including a faster processor, a fancier camera, a barometer for fitness apps, and so forth - it's the larger display that matters most. Bigger screens was the primary feature that attracting customers to Android-based smartphones such as Samsung's Galaxy series.
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