May 17, 2007

Engadget Knocks Apple Stock 2.2 Percent With iPhone Story

According to Mad4Moble Phones, an incorrect blog post by Engadget yesterday caused Apple stock to fall 2.2 percent as investors rushed to sell their shares.

The story centred around a hoax email which Engadget thought had been sent from Apple announcing that the iPhone had been delayed until October.

Trustworthy source supplied us with an actual internal Apple email that went out to thousands of Apple employees earlier today (published after the break). The fact that this was an email sent within Apple's internal email system to its employees is not in question. Let us reiterate: this was an ACTUAL email distributed within Apple's internal email system to Apple employees.

As it turns out, the internal memo Apple employees received was actually retracted by Apple shortly after it was sent out. ... The iPhone and Leopard are both still on track, and should meet their expected launch timeframes.

emily | 9:46 AM | News, Buzz | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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