The long wait for the 10th-anniversary edition of the iPhone is almost over.
Apple (NASDAQ: AAPL) is expected to unveil the iPhone 8, or what some are calling the iPhone Edition , at an event held at its new Cupertino, Calif.-based campus next Tuesday, Sept. 12. Analysts say that Apple has historically released the iPhone ten days after its launch event, meaning you should see people camping outside of their local Apple store the night before Friday, Sept. 22.
So what should an Apple investor expect from the next week?
Apple's stock typically takes a dip right before the new iPhone model launches each year in mid-September. That's because some investors want to cash in on the rise the stock sees throughout each August due to the hype surrounding the newest model. This year shouldn't be any different. In fact, Apple's stock closed down 1.20% to $162.08 on Tuesday.
But Apple investors shouldn't be concerned because the iPhone maker is a long-term investment story. While Apple shares dip before the iPhone is released due to profit-taking, it traditionally recovers soon after the iPhone comes out and continues to rise to new highs.
For example, Apple shares dropped before the iPhone 7 and larger iPhone 7 Plus came out on Sept. 16, 2016. However, since last year's iPhone launch date, Apple's stock has risen 40%.
What can Apple fans expect as far as iPhone 8 specs go? While final details on the iPhone 8 won't be revealed until next Tuesday, here are the most talked about features expected on the device:
- Edge-to-edge OLED display for a more vibrant and power efficient screen.
- Face-scanning technology to unlock your phone simply by looking at it.
- Wireless charging.
- Dual 12-megapixel rear cameras and a 7-megapixel front camera.
The updated model is going to cost you , though. Analysts are expecting the new iPhone to start at $999. While Apple is getting roasted by some critics for the rumored price, it isn't outrageous when you consider the new Samsung Note 8 is retailing for a starting price of $960 at Verizon .
The bottom line is that people are increasingly wanting smartphones that work like a mini laptop. Tech companies are obliging with larger and more powerful phones, but that comes at a cost. See you in line next Tuesday!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.