Investors, disappointed by the price that Apple put on the Apple iPhone 5C, took 2.3%, or $11.53 off the shares of the Cupertino based tech giant; usually, traders dump a company's shares when they introduce a product priced too cheaply for the company to profit from. But in this case, Apple stockholders were hoping that the iPhone 5C would be priced low enough to compete with some low-end models...
Source: http://www.phonearena.com/news/Investors-dump-Apple-shares-wanting-a-lower-price-for-the-Apple-iPhone-5C_id47323
Source: http://www.phonearena.com/news/Investors-dump-Apple-shares-wanting-a-lower-price-for-the-Apple-iPhone-5C_id47323