New iPhones likely to shock the stock markets
Advertisement
Advertisement
As the launch of In past as well, many a times, new launches from Apple have resulted in poor stock performance for at least one month.
When iPhone 6 and iPhone 6 Plus were launched on September 9, 2014, the stock ended a mere 0.38% higher on Nasdaq, only to rise another 3% the next day. Even after a month, the stock was ruling at the same level.
Similarly, when 5S and 5C were launched on September 10, 2013, the stock had fallen 2.28%, taking another 5.44% hit on September 11.
The launch of iPhone 4S, however, was an exception since the stock rose 7.44% after it was launched on October 4, 2011.
Advertisement
Image source
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Consuming excessive salt and inadequate potassium, protein is making North Indians prone to life-threatening diseases: Study
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO