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Author: Alan LittleDate: 2021-09-15

Apple (AAPL) stock remains in red with no significant gains

Apple’s (AAPL) long-awaited hardware reveal event sparks excitement in technology circles, but AAPL stock remains in the red with no significant gains.

Multinational technology company Apple Inc. (AAPL) has unveiled its latest trends and devices during a hardware reveal dubbed ‘California Streaming’ – the event took place on Tuesday (14th September).

The event caused some market excitement because of the expected and long-awaited introduction of new versions of the iPhone, Apple Watch and AirPods.

The company managed to recover some of its share price losses, which dropped by 3.3% on Friday (10th September).

These losses came on the back of an adverse ruling in Apple’s dispute with Epic Games, an interactive entertainment and gaming company that developed and published well-known titles such as Fortnite.

AAPL stock saw a slight recovery of 1% during the premarket hours on Monday (13th September), which experts believed was sparked by its upcoming hardware event.

This recovery was, however, not enough to push the tech giant’s shares back into the green.

Historically, AAPL stock has performed consistently well and was earmarked as a top trending ticker less than a week ago.

Statistics indicate that AAPL shares gained approximately 7% in the past month before its 3.3% drop.

Indicators and trends such as these might look promising and prompt investors to buy AAPL shares, which were selling at $148.35 apiece around midday EDT on 14th September.

However, this price is down from the $149.55 registered at Monday’s market close and Apple’s big hardware reveal failed to resuscitate earlier losses.

Financial experts also warned that the present market is somewhat soft and does not lean itself toward the acquisition of stocks.

Analysts will be keeping an eye on AAPL stock after its ‘California Streaming’ hardware unveiling.

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