On Monday, Apple announced record sales for its iPhone 6S and iPhone 6S Plus models that launched over the weekend. In just three days, Apple reportedly sold 13 million iPhones worldwide.

While the popularity of the new devices is certainly good news for shareholders, Apple investors are hoping that the launch can provide a short-term boost to the company’s floundering share price.

Bumpy Ride

Following the launch of the Apple Watch earlier this year, Apple’s share price reached an all-time high of $132.37 back in July. When the Dow Jones plummeted 1,000 points in late August, Apple briefly dropped as low as $92.00 before recovering to its current $110-level price.

The stock has mostly trended lower since the July high, and shareholders have been looking to the launch of the new iPhone to provide a catalyst for the stock.

History Has Not Been Kind

Unfortunately, Apple’s stock is…

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