Apple Inc.'s(NASDAQ:AAPL) all-important hardware launch event for the year, dubbedGlowtime, has been scheduled for Monday, Sept. 9, and will be held at the Steve Jobs Theater in Cupertino. An analyst at Morgan Stanley on Thursday offered his take on what to expect from the event.
Stock Implications:Apple shares will likely perform In line with the typicality of the iPhone launch event, when they underperform the market (by about 60 basis points) on launch day and then merely modestly outperform the market (by 3 basis points on the average) in the three months following the event, said analyst...
Login or create a forever free account to read this news
Sign up/Log in