Joe Maller.com

WWDC 07 Followup: The $5 Billion Typo

In the WWDC keynote, right around 1:18:30, Scott Forstall’s nervous typo started a slide which ended up knocking about $5 billion dollars off of Apple’s market cap.

WWDC 07 Followup: The $5 Billion Dollar Typo

To be fair, it wasn’t just the typo, though I felt it in my gut the instant that happened. The stock’s drop from the mid-124s down to nearly 120 almost exactly matches the duration of the iPhone web apps section of the keynote. Rumors and expectations can be expensive.


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