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Dvorak Wrong? That’s Unpossible.

Dvorak’s always easy pickings, but this is just indisputably factually wrong:

For the first time in recent memory, Apple Inc.’s stock declined after Macworld, its showcase expo in San Francisco. Generally speaking, the event highlights Chief Executive Steve Jobs and a slew of new products that have usually been kept secret for years.

Apple’s stock always goes up a few points immediately after the show. This year the stock plummeted.

A quick look at Apple’s actual stock prices on the day of MWSF keynotes shows that, unless 2005, 2004, 2003, and 2002 are outside recent memory, he’s wrong.

Update: Clearly Apple’s stock price has taken a hard hit this month — as has the stock market as a whole. But it has nothing to do with what was or wasn’t announced during the Macworld Expo keynote. It was the earnings call last week that started the AAPL sell-off, not MWSF.

Sunday, 27 January 2008