Reported 27 days ago
Apple's stock experienced minimal movement following the announcement of the iPhone 16, as investors noted a lack of major surprises and concerns about the delayed rollout of Apple Intelligence software. According to analysts, while initial reactions showed a decline of about 0.9%, the historical data suggests that Apple's stock typically performs better a month or two after iPhone launches. The potential impact of AI on driving upgrades remains debated, with predictions of a sell-through rate for iPhones hovering between 225 to 260 million units, influenced by both new software features and hardware modifications.
Source: YAHOO