Investors disliked the iPad, loved the price!

It’s funny sometimes what you see when you watch the bottom line.  And the bottom line in the case of Apple’s announcement today of the much hyped iPad is it’s stock price.  While Steve Jobs was on stage and spoke for about an hour it’s stocks reacted rather poorly going down slightly.

But at the end of the presentation when the shocking price of $499 was announced the Apple stocks shot up.  This shows that investors were rather “meh” about the device itself, as it’s lacking any revolutionary technology, but felt the price was a fantastic strategy staging itself as a direct competitor to the likes of the Kindle, and Netbooks.

Via: TechCrunch.com