Apple Could Announce a New iPhone Tomorrow. It May Not Boost the Stock. - Barron's

1. Apple is set to launch the new iPhone SE, priced at $499. 2. The SE may feature Apple’s in-house modem, reducing reliance on Qualcomm. 3. Analysts expect minimal impact on revenue growth from the SE's launch. 4. Apple shares have underperformed in 2023 but rose 34% over the last year. 5. Investment sentiment is cautious due to high earnings multiples.