Apple Shares Tend to Reap 1.5% Gain After iPhone Launch: Chartby
Apple Inc. shares slid Monday after the company unveiled smaller, cheaper iPad Pros and iPhones, hoping to jumpstart lagging sales. But if history is any guide, the stock should improve. Since founder Steve Jobs died in 2011, Apple gained on average 1.5 percent one month after product launches. Yet the magic from new iPhones and iPads tends to fizzle: three months after a launch, Apple shares retreated 1.8 percent, compared with a 2.9 percent gain by the Standard & Poor’s 500 Index, data compiled by Bloomberg show.