Fallin

Just bought an Apple iphone 5s

Apple Phone too expensive

Apple shares drop by more than 5% after new iPhone launch because investors fear the handsets - at $549 to $849 - are too expensive

• Shares in Apple ended at $467.7 on Wednesday following the launch of its new iPhones - a drop of 5.4 per cent
• Analysts concerned iPhone 5C is too expensive for emerging markets
• The handset costs more than the average monthly income in China
• Apple's smartphone market share fell to its lowest in three years in June

Falling Stock

On Tuesday, at around 2pm, Apple's shares had dipped about 2 percent. But on Wednesday, Cupertino is continuing to struggle with a low-point of 6 percent loss, or around $465 a share.

Of course, it's important to remember Apple has seen similar lags in share prices after previous announcements. According to The Guardian, the low stock prices could be in response to the iPhone 5c. While the on-carrier arrangement offers a $99 iPhone, the unlocked price is still seen by some analysts as being too pricy.