ComboBox- SelectionChanged event has old value, not new value

According to MSDN, e.AddedItems:

Gets a list that contains the items that were selected.

So you could use:

private void OnMyComboBoxChanged(object sender, SelectionChangedEventArgs e)
{
    string text = (e.AddedItems[0] as ComboBoxItem).Content as string;
}

You could also use SelectedItem if you use string values for the Items from the sender:

private void OnMyComboBoxChanged(object sender, SelectionChangedEventArgs e)
{
    string text = (sender as ComboBox).SelectedItem as string;
}

or

private void OnMyComboBoxChanged(object sender, SelectionChangedEventArgs e)
{
    string text = ((sender as ComboBox).SelectedItem as ComboBoxItem).Content as string;
}

Since both Content and SelectedItem are objects, a safer approach would be to use .ToString() instead of as string