Apple Stock Downgraded On iPhone 6, Watch Concerns

It looks as though Apple's stock has been downgraded after launching two phones straight out of 2012 and a smartwatch that will be competing with Samsung, Sony, LG and ASUS for the twelve customers on the planet that may actually buy one.

The market closely watched the event to see if Apple could shrug off accusations that it lacked innovation. Shares in the Cupertino-based technology giant rose Tuesday on the news of the iPhone and Apple Pay announcements, but fell after the Apple Watch was unveiled.

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