[booleanbetrayal]

AAPL is down 1.3% on the news, while GOOGL is up 2%. Their phone offerings have diverged so dramatically with this last refresh cycle.

[snowwrestler]

AAPL often drops after launch events. “Buy the rumor, sell the news.”

[mcny]

Maybe the Google stock was affected by this?

https://www.reuters.com/business/google-cloud-anticipates-le...

> Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as it vies to become a more central component of the tech giant's future.

> The company said during its July earnings that the cloud division had surpassed a $50 billion annual revenue run rate. Google Cloud's backlog of non-recognized sales contracts is growing even faster than its revenue, unit chief Thomas Kurian told investors at the Goldman Sachs Communacopia + Technology conference.

[baby]

Im a long time Apple person and in the last year I moved to Android just for the folding phone. It's just too good to pass honestly

[apparent]

Do you think Google stock is up because of this announcement? It's not like they generate most of their revenue from Pixel phones, or Android overall.

[blitzar]

Yes, a move in the global share of mobile phones a few percentage points from apple ecosystem to google ecosystem is even more important now Ai is the denominator in every valuation.

[booleanbetrayal]

I think people trade on announcements like this, regardless of the full financial picture.