Apple unveiled the iPhone 11
There wasn’t a heck of a lot of excitement in Apple’s new iPhone 11 announcement. The gadgets CEO Tim Cook unveiled Tuesday weren’t too revolutionary.
You’d think Apple investors would be in a sour mood. But shareholders are still jazzed about the company’s prospects. Apple’s (AAPL) stock is up a whopping 35% this year, making it the best Dow performer — just ahead of Home Depot (HD), Visa (V), Microsoft (MSFT) and Procter & Gamble (PG).
That’s despite Apple stunning Wall Street and Silicon Valley in January when it warned of slowing sales and earnings growth because of weakness in China. Lingering worries about a possible antitrust review by US regulators have been an overhang as well.
Reported by CNN Business