Wall Street’s response to Apple’s annual product release on Wednesday was, as one analyst described it, a yawn.
The company unveiled a handful of new devices and modest updates, including three new versions of the iPhone X and an Apple Watch with new features. All of that was expected. There was little fanfare.
Apple (AAPL) shares dipped slightly Wednesday, down 1.2%. But it bounced back: The stock was up more than 2% Thursday afternoon.
It’s a sign that investors were willing to forgive the dull performance on Wednesday in light of Apple’s strong financial outlook, analysts and investors told CNN.
Activist investor Ross Gerber, the CEO of Gerber Kawasaki and a longtime Apple bull, told CNN’s Julia Chatterley on Thursday that Apple was “basically giving me the same phone again.” Read more