Apple falls 1.2% after unveiling new iPhone. Here's what the pros say to do next
September 13, 2023
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Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the smartphone maker one day after it unveiled the new iPhone 15, the latest Apple Watch and other products. Apple did not raise prices on its latest iPhone models in the U.S., but hiked them in China, Japan and India. China accounts for nearly 20% of total Apple sales . Morgan Stanley reiterated its investment opinion on Apple as overweight, while Wedbush raised its price target to $240 per share. Apple closed the day down 1.2%. The stock is currently held in Cramer’s Charitable Trust portfolio.
