New iPhones likely to shock the stock markets

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New iPhones likely to shock the stock markets
As the launch of iPhone 7 nears, people worldwide are gearing up for what could be called the biggest day of the year for the technology world. However, the same can’t be claimed when it comes to the investors of the Apple stock, since they could once again be sitting at the edge of a lethargic month of returns.

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.
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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.

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