“Despite glowing reviews and strong sales, new iPhones haven’t done anything to get Apple’s stock out of the doldrums,” David Goldman reports for CNNMoney.
“In fact, Apple’s stock is trading 4% below where it was a month ago — the day that Apple unveiled the iPhone 5S and iPhone 5C,” Goldman reports. “This marks the sixth of the past seven years in which Apple’s stock has ended up lower a month after the new iPhone was revealed. And in 2011 — the one year that Apple’s stock actually finished higher after an iPhone release — it still pulled back sharply from its initial post-iPhone bump.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]