Does a ‘Denied’ credit inquiry do the same as an ‘Approved’ one?

$Is a Credit Inquiry the Same if You\'re Approved or Denied?$ When applying for credit, you want as few inquiries as possible, but interestingly enough: “Ironically, your credit score will likely be more damaged if you’re approved for the account than if you’re denied. If you are approved, you’ll have the damaging hard inquiry plus some damage in the credit age category resulting from having a newly opened account. Your credit score will improve as you use the new account responsibly.” (Credit.com)