iPhone Reveal Sends Apple Stock Reeling
Shares of Apple dropped more than 5 percent on Wednesday morning following the widely anticipated unveiling of the company's two new iPhone models the day before. Representing the steepest drop in the stock since April, the tumble was accompanied by a newly lowered "neutral" rating by Credit Suisse, UBS and Bank of America Merrill Lynch. The stock also fell an additional 2 percent on Tuesday.
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