AAPL is down 1% today. I guess the market isn’t impressed.
Apple didn't announce the iPhone 8 or whatever it's going to be called. They aren't stupid. If they announced the iPhone 8 (whatever) in the first week of June for release in September they'd kill iPhone sales for the next three months. That's a stupid move.
Apple did announce new iPad Pros with more speed and a new 10.5" size to replace the 9.7". The new size will accommodate an entire full size virtual keyboard and it will also handle a real full size keyboard cover. They also use a new processor that is twice as fast as before. . . and the new iOS 11 will be completely multitasking with complete drag and drop between apps AND have a full file system.
But, since all those things are not the new iPhone8, the market is not impressed.
The AAPL stock I bought a few years ago is up 3320% as of the market close today. That's right, 34 times what I paid for it.
We just gave our son a few % of the total holding to make a down payment on his first house.
How is your portfolio doing?