Apple Stock Hits 4-Week Low After iPhone 16 Launch; Analyst Previously Noted 30-60 Day Recovery Trend

Apple Inc. (NASDAQ:AAPL) saw its stock dip to its lowest level in four weeks on Monday, falling 1.4% to $218 a share by 3:00 p.m. ET, following the much-anticipated unveiling of the iPhone 16 series at Apple Park in Cupertino, California.

Despite the unveiling of multiple new products, including the iPhone 16, Apple Watch Series 10, and updated AirPods, investor immediate response was tepid, in line with past episodes.

Last week, Bank of America analyst Wamsi Mohan noted, “Past events have seen the stock pull back after the event, only to recover 30-60 days post event.”

iPhone 16 Pricing:

iPhone 16: Starts at $799

iPhone 16 Plus: Starts at $899

iPhone 16 Pro: Starts at $999

iPhone 16 Pro Max: Starts at $1,199

Apple Watch Series 10 Pricing:

Apple Watch Series 10: Starts at $399

Apple Watch Ultra 2 Pricing:

Apple Watch Ultra 2: Starts at $799

AirPods Pricing:

AirPods 4: $129

AirPods 4 with Active Noise Cancellation: $179

Chart: Apple Dips On Apple Event

New iPhone 16 Features

The iPhone 16 features a new A18 Bionic ...