Investors sprinted for the exits in the wake of Apple's (NASDAQ:AAPL) disappointing iPhone announcement this week. The stock sank 6% the following day in what was clearly one of the tech giant's most disappointing product launches in recent memory.

As has been widely argued at this point, the iPhone 5C, while a great device, failed to hit the low price point many investors had hoped for. As a result, Apple's emerging market problems are likely to continue.

However, it would be a glaring oversimplification to chalk the day up as a total loss. Quite the opposite; the launch arguably featured as many bright spots as low points, although the lows probably matter more than the highs for Apple's stock price. In this video, tech and telecom analyst Andrew Tonner reviews both the negatives and positives from this week's iPhone event.