Apple stock performs worst in history of iPhone launch; Time to invest or stay away?

       Last week Apple stock performs worst after APPLE INC. (NASDAQ: AAPL) products available to public (except iPhone X) in history from when STEVE JOBS introduced 1^st iPhone back in 2007. iPhone 8 & iPhone 8 plus, Apple Watch Series 3 and Apple 4K TV available to public from Friday.

Shares down nearly 6% in a week and 8% from its all time high $164.94 which is set before Apple’s event on Sep. 12^th and company losses $60 billion market value which is more than entire value of TESLA. Many reasons are responsible for this.

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·       Company says iPhone X available to public from November 3^rd. As a result customers have to wait more to buy Apple’s flagship smartphone.

·       Apple Watch Series 3 connectivity problems also drag down the share price.

·       Longer ques are not seen in USA and Europe to buy iPhone 8 & iPhone 8 Plus. This also drags 1% on Friday.

·       Also at some level International reasons are responsible for this situation.

This correction is expected to go around $144-145 just for short term.

Analyst says that lower iPhone 8 & 8 plus sales is good for Apple because it suggest that more and more people are waiting for $1000 iPhone X. High margin of iPhone X will boost company’s revenue in next two upcoming quarters.

Still Wall St experts says company is already on the way to become World’s First Trillion Dollar Company by market capitalization by 2020. So, this correction will not last for longer period of time. Already company shares up highest in Dow Jones components so far this year.

        So, basically this correction gives a chance for those investors who missed it. And for longer period of time it’s obviously beneficial.