Apple stock could fall 10% after iPhone launch, top Apple-watcher Gene Munster says

Apple stock could fall 10% after iPhone launch, top Apple-watcher Gene Munster says

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/09/05/apple-aapl-stock-after-iphone-8-launch-could-fall-10-percent-gene-munster-says.html

Apple's next iPhone cycle is expected to be one of the biggest yet — but that doesn't necessarily mean the stock will keep soaring, according to one of the company's most well-known followers.There could be a 10 percent pullback in Apple shares in the next one to three months, Gene Munster told CNBC's "Power Lunch" on Tuesday.

"The trading history over the past four years is a little bit difficult to look at — just what happens when the product's announced to three months after," said Munster, who covered Apple for years as a Wall Street analyst before becoming a managing partner at venture capital firm Loup Ventures.