Gene Munster isn’t expecting any surprise announcements at tomorrow’s "It’s only Rock and Roll" event. He says that even though iPhone sales have been strong (best sellers on AT&T), the lack of surprises will disappoint Apple investors. He only expects cameras to be added to iPods and perhaps an iTunes update. Traditionally, AAPL has lost an average of one point on announcement days.
"We expect Steve Jobs to introduce a new iPod lineup with a new iPod touch, new nanos, and a new classic, with cameras in the new models. We expect the stock to trade off on a lack of surprising announcements, representing a buying opportunity. In our sample of 12 recent Apple events, the stock has traded -1% on the day of an event."
Ummm. That’s why they call it a surprise. Tune in to 9to5Mac tomorrow at 1PM Eastern US time to find out if he’s wrong.
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