Apple has announced a new iPhone to be released in September. Last September Apple was trading at 702 dollars per share on 9/21/12 when the iPhone 5 was released. It opened today at 456 per share down 35 percent since the release of the iPhone 5. Over the course of the past year the Apple has also seen it's smart phone market share drop form 16.6 percent in the 2nd Quarter of 2012 to 13.2 percent in the 2nd Quarter of 2013. Over the same time period the Android market share has grown from 69.1 percent to 79.3 percent.
While I am sure that a fair share of "Apple Fanboys" will run out and buy the new iPhone I would bet that the overall sales will be down as once again it will be phone that is just catching up to the Galaxy S4. In other words do not buy stock in Apple.
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