Our takeaways from Apple’s big event that brought new iPhones, Watches

News Snapshot:

Apple's (AAPL) big September launch event Tuesday featured what we would describe as a slew of incremental updates to the tech giant's most popular devices. Wall Street was not all that impressed. However, we did find encouraging moments. The webcast from Apple headquarters in Cupertino, California came at a particularly turbulent time for the stock after reports that China banned its government workers from using iPhones or any other foreign devices at work. The news crushed Apple shares last Wednesday and Thursday, wiping out $200 billion in stock market value . Apple had stabilized with small gains on Friday and...