Wait until this moment to profit from the upcoming iPhone release…
This story was originally published here.
Apple (NASDAQ:AAPL) took it on the chin during September’s tech stock selloff. In just one day, AAPL stock dropped 8%, knocking $180 billion off the company’s market capitalization — the biggest single-day loss for any company, ever.
The slide also cost Apple its coveted $2 trillion market cap status. With AAPL now down around 15% from its September 1 high and a new 5G iPhone 12 announcement anticipated in the near term, is now the time to buy Apple stock?
On the surface, it makes sense that AAPL would surge after the iPhone 12 is announced. And that could happen any day now. But I would wait. History has shown AAPL rarely sees gains following a new iPhone announcement.
Instead, investors inevitably feel let down after the pre-launch hype, and Apple stock tends to stay flat or even lose ground.
The key is the rebound: things change a few months later, once consumers start snapping up the newer iPhones…
Editor's Note: Click here to keep reading.
How to turn $7 into $1,480 upfront by tomorrow afternoon
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Regards,
Brian Hunt
CEO, InvestorPlace
