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Why Apple shares haven’t moved much after iPhone 16 reveal

  • Apple's highly anticipated artificial intelligence feature, Apple Intelligence, took center stage at the company's annual iPhone event.
  • Investors may be disappointed by the slow rollout of Apple Intelligence, with the necessary software update not accessible to U.S. English users until October.
  • Shares of Apple stock didn't show much movement after the iPhone 16 reveal, with a slight decrease during the event and a minor increase over the following three days.
  • Historically, Apple stock tends to perform better months after the launch day, with previous iPhone releases showing notable gains in the following weeks and months.

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