Deutsche Bank's Chris Whitmore has published a chart that shows the historical changes in Apple's stock price before and after the announcement of a new iPhone.
Fortune notes that Apple's share price rose following every iPhone release but two:
● The iPhone 3G, launched a couple months before the U.S. entered its worst economic crisis since the Great Depression
● The iPhone 5, launched the same day Apple's share price hit an all-time high of $705.07 and began a nine-month free fall
Check out the chart below for more details...
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Fortune notes that Apple's share price rose following every iPhone release but two:
● The iPhone 3G, launched a couple months before the U.S. entered its worst economic crisis since the Great Depression
● The iPhone 5, launched the same day Apple's share price hit an all-time high of $705.07 and began a nine-month free fall
Check out the chart below for more details...
Read More