The stock took another 5.44 per cent hit on September 11 and a month down the line, it stock was trading at $490.Before that on September 12, 2012, when Apple launched iPhone 5, the stock gained for six consecutive sessions. It was trading 6 per cent lower at $630 on October 12, 2012.Year 2011 was an exception when iPhone 4S was launched. It managed to rise mere 3 per cent in the one month that followed.In case of iPhone 3GS launch, the stock corrected for six sessions to June 15, 2009. The stock was down 4.6 per cent in the first month after the company unveiled the smartphone.Overall, Apple stock has doubled investor wealth in the past five years. It has returned a whopping 1000 per cent in the past 10 years.

Source: Economic Times September 07, 2016 07:39 UTC