Apple's shares took it on the chin Wednesday as investors expressed disappointment over the company's decision to price its new lower-end iPhone 5C model at $99 in the U.S. and $733 in China. Some Wall Street analysts found those prices too high to pick up market share from rival Samsung Electronics. But other analysts applauded Apple for protecting its profit margins and worried that discounting new models too much would hurt the company's reputation for putting out quality products. Also at Apple, the company plans to release its iTunes Radio service when it introduces the upgraded iOS 7 software Sept 18.

Related Summaries