Apple Shrs Modestly Lower Ahead Of Laptop Event

I’m sitting here in the parking lot on the Apple (AAPL) campus in Cupertino outside Building 4 on Infinite Loop, waiting for this morning’s unveiling of updated Mac laptops. The event should get under way around 10 a.m. Pacific time. Expectations are that the company has redesigned the Macbook, adopting aluminum casing similar to the Air. Analysts anticipate price reductions across the line with low end model pricing dropping below $1,000. Apple shares, which have rallied more than $22 over the last two sessions, are down modestly this morning. I’ll provide live coverage of the event; stay tuned. Recently: Apple Rallies Early As Bernstein’s Sacconaghi Upgrades (Yesterday) Apple: Enough Is Enough (Friday) (link)