Live

Watch CBSN Live

Apple shares fall as iPad Mini event wraps up

NEW YORK Apple's (AAPL) stock is dropping Tuesday as the company wraps up an event unveiling new and updated products, including a smaller iPad. The Mini's price starts at $329, higher than what most analysts had expected.

The price of the iPad Mini, whose screen is roughly two-thirds of the full-size model, is higher than competing small tablets. The Kindle Fire made by Amazon.com (AMZN) starts at $159.

Apple's shares are down 1.8 percent to $622.34 in afternoon trading. The stock is down 12 percent from the all-time high of $705.07 touched on Sept. 21.

Amazon's stock, meanwhile, is up less than 1 percent to $235.27. Shares of Google (GOOG), another tablet competitor, also inch up less than 1 percent, to $682.92.