iPhone-related News strongly Impact AAPL Shares

If the recent announcement of a security flaw in the iPhone did not really impact the value of Apple shares, the information released by AT&T during its financial report for the last quarter immediately reduced Cupertino's capitalization by 6%:

Sales of the Apple iPhone have been robust. The June 29 launch allowed for less than two days of sales and activations before the end of the quarter. In that time, AT&T activated 146,000 iPhone subscribers, more than 40 percent of them new subscribers. Sales of the iPhone continue to be strong in July with store traffic above historical levels.

This number was considered lower than expected taking into account the rumor of 1 million iPhone units being sold in less than a week. Indeed, some analysts were anticipating a strong purchase/activation level two or three fold higher than those reported by AT&T for the first two days following the official release of the product. Later today, Apple will release its financial report for the last quarter, and depending on the numbers released for the iPhone, the value of the share might again evolve strongly in any direction.