Apple (AAPL) Stock Falls 3%: Investors Bored With The Brand New iPhone?

For the last two days, Apple (AAPL) stock price has been showing signs of negative changes along with the moving downwards on the stock chart from $154 to $148, which represents a 3% drop. Apple shares sank 1.43, or nearly 1%, to 148.12 Tuesday, showing just how unenthused investors were following the unveiling of the iPhone 13. The total market capitalization of the company for today is making up 2.448T. Such stock falls were happening all the time when Apple announces their brand new models of iPhone. For example, Apple stock dropped 2.7% on the day the company announced the iPhone 12 nearly a year ago. And they’ve fallen the day of three out of the past five announcements. Apple shares sank 5.5% in the week leading up to the announcement, while the S&P 500 fell just 1.6%. And Apple stock fell 0.7% in the previous month, which lagged the S&P 500’s 0.4% decline in that time.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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