After the presentation of new products by Apple on 14.09.2021, the company’s share price began to decline. Experts note that the official demonstration of new products traditionally entails a drop in the price of securities of the largest equipment manufacturer.
In 3 cases out of 4 Apple stock quotes decline after the presentation. On September 14, the rate was down to $147.75 at 22:00, the corporation’s securities were traded at $148.
The 2021 presentation featured new models of the iPhone, Apple Watch, and iPad. There were no updated products in the lines of AirPods and MacBooks.
The dynamics of the IT giant’s shares were more positive before the event itself. So, six months before the presentation Apple’s shares price exceeded the S&P 500 by more than 14%.