Apple’s iPhone Reveals Are Often a Dip Buyer’s Dream
- September has usually been the worst month for Apple shares
- iPhone price hike seen as a positive catalyst: analyst
An Apple Inc. store in Beijing, China.
Source: Bloomberg
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Apple Inc.’s iPhone debuts have historically been a sell-the-news event for the stock, but the weeks following often provide an even better opportunity to buy the dip.
Over the past five years, September has been the worst month of the year for Apple, with the shares averaging a decline of 4.5%, compared with a drop of 3.2% for the S&P 500. At the same time, October has been among the best, with an average gain for Apple of 3.8% over the same period.