Apple releases new products such as iPhone 13 and iPad mini,...

Apple releases new products such as iPhone 13 and iPad mini, stock price drops in response

$Apple (AAPL.US)$ Apple released the iPhone 13 and the new iPad mini. Without increasing the price, the new products expanded 5G connections, used faster chips, and improved camera performance. Although Apple has not announced any major features or products, analysts expect that consumers who use older models such as the iPhone X will want to upgrade. After the release of the new product, Apple's stock price fell 1.2%, while the broader market fell slightly

Article excerpted from Reuters Financial Morning Post