3 Reasons Why Apple Stock Fell After the iPhone X Event

Like a kid who gets every toy asked for over the holidays, it may seem hard to find an item that wasn't checked off during Apple's (NASDAQ: AAPL) iPhone X event on Tuesday. The third generation of Apple Watch comes with the option of a cellular function that allows it to make and receive phone calls as well as stream music untethered to an actual iPhone, two of the biggest knocks on the leading smartwatch. Apple TV got a nifty update. The Apple 8, Apple 8 Plus, and then head-turning Apple X were all unveiled.

The market was left unimpressed. Apple stock that had moved higher earlier in the day -- inching up during the early stages of the presentation itself -- sold off to close slightly lower on the day. How can you seemingly give everybody what they want and still disappoint? Welcome to Apple's reality. Let's go over the reasons why the shares slipped following the news.

Image source: Apple.

Source: Fool.com