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Apple shares tend to outperform in the months leading up to a new iphone. But Apple has more than just the iPhone 8 going for it now, Sacconaghi wrote in a research note Tuesday. Thus, Apple shares have "strongly outperformed" in the months before an iPhone announcement, according to Bernstein analyst Toni Sacconaghi. Apple shares are up 20% in the last three months, with the new phone set to launch later this year. Investors, like Apple fans, tend to get pretty excited in the months leading up to an iPhone launch, thinking about what all the new features could mean.
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