Apple Inc.(NASDAQ:AAPL) saw its stock dip to its lowest level in four weeks on Monday, falling 1.4% to $218 a share by 3:00 p.m. ET, following the much-anticipated unveiling of the iPhone 16 series at Apple Park in Cupertino, California.

Despite the unveiling of multiple new products, including the iPhone 16, Apple Watch Series 10, and updated AirPods, investor immediate response was tepid, in line with past episodes.

Last week, Bank of America analyst Wamsi Mohan noted, "Past events have seen the stock pull back after the event, only to recover 30-60 days post event."

iPhone 16 Pricing:

• iPhone 16: Starts at $799
• iPhone 16 Plus: Starts...