Investors Didn't Like The iPad Until They Heard Its $499 Price

Wednesday, January 27th, 2010

Robin Wauters currently works as a staff writer for TechCrunch and lead editor of Virtualization.com. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found working from his home or... → Learn More

The big day finally arrived, and Apple introduced the iPad this morning (yeah, you heard that already).

Strangely, during the course of the much-anticipated event, Apple’s stock went down, as observed by many. And then, Apple finally got around to talking about pricing.

Chief executive Steve Jobs took the stage, and wowed the crowd (and the world) by saying that the starting price for the iPad was a stunning $499.

Guess what happened next?

At the time of this writing, the stock spiked +3.61.

We wouldn’t be surprised to see it hit an all-time high today.

More coverage can be found here.

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