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Will The iPhone Launch Boost The Stock Market?

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Apple Inc. NASDAQ:AAPL - Will The iPhone Launch Boost The Stock Market?
  • Apple Inc. AAPL 2.25% has reported this week that it has sold a record number of new iPhones in the first three days since the launch of the new models.
  • Apple’s share price has been trending downward since its all-time high of $132.37 in July.
  • Both Apple’s stock and the S&P 500 have historically underperformed in the week following iPhone launches.
  • On Monday, Apple announced record sales for its iPhone 6S and iPhone 6S Plus models that launched over the weekend. In just three days, Apple reportedly sold 13 million iPhones worldwide.