He announced a lower price for the iPod Touch and introduced a Nano video player, but overall the new line failed to deliver the "wow" factor that investors have come to expect, according to a Fortune story on CNNMoney.com.
Apple's stock price has dropped 20 percent this year and was down 6.01 percent to $151.92 at 3:40 p.m. EDT Tuesday. Andrew Silberberg, vice president and portfolio manager for Alger Large Cap Growth Fund, told Bloomberg of the product launch:
There was nothing revolutionary. The news is what people were expecting.