Monday, September 10, 2012

AAPL Stock Performance Near iPhone Announcement Dates

Apple is widely expected to announce a new iPhone on Wednesday.  Leaks of the possible design have been floating around the internet for months, but the final design will be a surprise to many.  For a sense of how the stock could trade, below is a chart of AAPL with the dates of previous iPhone announcements highlighted.  Each announcement date looks like a blip along AAPL's never ending march higher, but it appears that after the announcement date typically the stock consolidates for a bit.

iPhone Announcement APPL

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