Apple's Latest iPhone Could Help It Become a $3 Trillion Stock
On March 8, Apple (NASDAQ: AAPL) announced the release of its next-generation version of the iPhone SE. But the news that a 5G version of the budget-friendly smartphone hasn't done much for the tech giant's stock -- at least not yet.
Shares of Apple have headed lower following the iPhone SE's launch. The stock has now lost nearly 15% of its value so far in 2022 for a variety of reasons, including surging inflation, which has led to a sell-off in tech stocks; the Federal Reserve's expected interest rate hikes; and the volatility caused by the Russia-Ukraine war.
One reason why the iPhone SE may have failed to impress Wall Street is because of its outdated design, or the fact that it comes with a single camera rather than the advanced camera systems of the iPhone 13 models. Also, the iPhone SE's starting price of $429 may have been a dampener for investors, as the device was expected to be priced at a lower point and help Apple breach $3 trillion in market cap.
Source Fool.com
