We have a big week coming up for Apple (NASDAQ:AAPL) this week.
Apple’s Annual Fall Product Event
Their annual fall product event is on Wednesday, September 7th. And this will be held in person for the first time since 2019. And Apple’s expected to roll out two new iPhones, a new watch and potentially new AirPods.
And updates on their Mac and iPad lines are expected to be coming in the next month. And I’d say the biggest change to the iPhone 14 is the company eliminating the 5.4 inch model, which honestly did not do the best. It didn’t sell much. So we’re going to be seeing four models of the iPhone.
So this is going to be something the entire stock market needs to pay attention to considering 7% over 7% of the S&P 500 is weighted towards Apple (NASDAQ:AAPL).
And you guys can see here on the chart, the company’s stock is down about 15% from all time highs in just about 12% in the past couple of weeks.
So what do you guys think? Let me know your thoughts. Follow along for more.