From marketwatch.com:

Apple Inc. shares took a pounding for a second straight day Wednesday, with investors and some industry analysts expressing disappointment with Apples latest announcements at the annual
AAPL 159.64, -9.40, -5.6% stock ended the day down by $9.40 a share, or 5.6%, to close at $159.64, adding to the previous sessions losses in which the stock gave up more than 5%.

At Macworld on Tuesday, Apple Chief Executive Steve Jobs tried to reach back to hoopla of last years show, in which he debuted the iPhone, saying that Apple has sold 4 million of the smart phones in six months. However, topping the iPhone unveiling put Apple and Jobs in an unwinnable position, according to Mike Abramsky of RBC Capital Markets.
“Investors were underwhelmed, possibly on unrealistic iPhone speculation and the lack of a killer product similar to the iPhone launch,” Abramsky said. “But [it was] mostly general market pressure.” Abramsky has an outperform rating and $215 price target on Apples stock.
The major announcements from Apple included two items that would have normally been seen as a boon to the company — a new MacBook Air laptop that is less than an inch thick, and a deal with the 12 major movie studios that will let Apple rent movies through its iTunes store.
However, Kevin Hunt of Thomas Weisel Partners wrote in a research not

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