Monday, September 27, 2021
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Apple’s poor show continues as stock falls post another iPhone launch

NEW DELHI: iPhone 13 and 13 Professional sequence are right here however that would not carry shares of Cupertino-based Apple, as poor present for the mobilemaker on its launch days continued.

On Tuesday, the scrip shut store at $148.12 a chunk, down 0.96 per cent.

Historical past suggests Apple inventory not often performs on the day of its main launch. Since its first launch, the inventory has ended larger on simply 4 launch events since 2007!

The final time it launched iPhone 12, iPhone 12 Mini, iPhone 12 Professional and the iPhone 12 Professional Max was on October 13, 2020. That day, the inventory fell 2.65 per cent to $121.10.

The disclosing of iPhone XS, iPhone XS Max and iPhone XR on September 12, 2018 had resulted in a 1.21 per cent fall for the scrip.

Earlier than that, the revealing of iPhone X, iPhone 8 and iPhone 8 Plus despatched the scrip 0.40 per cent decrease on September 12, 2017.

On September 9, 2015 the tech large launched iPhone 6S and the inventory greeted it by sliding 1.92 per cent to $110.15. The listing is lengthy.

The Steve Jobs-founded firm launched iPhone 6 on September 9, 2014, when the inventory fell 0.38 per cent. On September 20, 2013, when the corporate unveiled two fashions – 5S and 5C – the inventory took a beating and fell 1.17 per cent.

On October 4, 2011, Apple shares fell 0.6 per cent following the launch of iPhone 4s. The disclosing of iPhone 4 in June 2010 and iPhone 3GS in July 2009 additionally resulted in weak returns for Apple shares.

Among the many few instances the inventory rose on the product launch was the launch of iPhone 11, iPhone 11 Professional and iPhone Professional Max on September 10, 2019. That day, the scrip rose 1.18 per cent.

Apple launched iPhone 7 on September 7, 2016. That day, the inventory superior 0.6 per cent to $108.36, solely to surrender the beneficial properties and fall 2.62 per cent and a pair of.26 per cent within the subsequent two periods.

Earlier than that, when Apple launched iPhone 5 on September 12, 2012, it despatched its inventory rising 1.4 per cent larger.

The fourth time, when Apple shares actually did properly was the revealing of its first ever iPhone on January 9, 2007. That day, the inventory surged 8.52 per cent!

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