Here's What Happens To Apple's Stock After It Starts Selling A New IPhone

Apple just announced record-breaking opening weekend iPhone sales. It says sold over 10 million units.

So far, the stock isn’t doing much. It’s up 0.83%. But, that could be about to change. Walt Piecyk at BTIG Research published the following chart that shows what happens to Apple’s stock historically after it starts selling a new iPhone.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.