After closing at an all-time high of $103.30 last Tuesday, Apple (NASDAQ: AAPL) share prices dropped off and closed at $98.97 on Friday. It will be interesting to see how tomorrow's big event will affect trading. We expect a slight drop off tomorrow, followed by another shortly after the iPhone 6 launch, following the historical trend of the stock price/iPhone launch relationship. Though this time things could play out differently, as Apple is also expected to announce its first wearable device (popularly, but unofficially, known as the "iWatch"), which is a brand new product category for the company.
In addition to the iPhone 6 and iWatch, several analysts, including KGI Securities' Ming-Chi Kuo, expect Apple to unveil the next generation iPad Air as well. It seems to us, however, that there is more than enough content for tomorrow's event, and the rumored October event seems a more likely setting for new iPad announcements.