'No huge surprises': Why Apple stock hasn't moved much on iPhone 16 news

Published On Sep 12, 2024, 8:08 AM

Apple's iPhone 16 event highlighted the new iPhone, but investors were underwhelmed, especially as the anticipated update for Apple Intelligence won't release until October. The stock saw a marginal decline during the event, consistent with historical performance around iPhone launches. Analysts suggest Apple stock typically does better a month or two after a new phone release due to upgrade cycles. However, there are concerns that the excitement around AI improvements may not be strong enough to drive immediate consumer action to upgrade now, especially with the expectation of more innovative features in future models.

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Stock Forecasts

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Positive

Despite the initial underwhelming response to the iPhone 16 launch from investors, historical trends suggest Apple stock tends to gain in value after the initial launch period as consumers upgrade their devices. Upgrades are expected to increase due to new features, but they might be postponed by consumers waiting for future models. The current sentiment is mixed but leans towards a future increase as these upgrades play out over time.

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