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.