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AndrewL
2022-09-08

Tiger Chart | AAPL: Average Monthly Return Since iPhone Launch

Apple Inc. unveiled a new lineup of devices Wednesday and didn’t raise its US prices during one of t

Tiger Chart | AAPL: Average Monthly Return Since iPhone Launch

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The iPhone retains the general look of the older version while getting camera enhancements, a long-anticipated satellite-messaging feature and a new interface called the Dynamic Island on the higher-end models.</p><p>Apple stock gained in Wednesday&#39;s session after iPhone 14 event.  Reacting to the Apple announcements and event, Wedbush analyst Daniel Ives, who has an Outperform rating and a $220 price target on the stock, said, &#34;the Apple Watch and AirPods have transformed from a rounding error to a significant tangential product segment at Apple.&#34;</p><p>iPhone launch also povides a catalyst to Apple&#39;s stock price. Although Apple stock historically underperformed in September, showing a -0.7% averege monthly return since the launch of the original iPhone, in 2007. 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