21st September 2018
What a week! For Apple fans, the announcement of iPhone X sequels and everything else announced at the Sept. 12 launch event in a nutshell.— is basically the Super Bowl and the lottery wrapped into one. We’ll take you through the ins and outs of Apple’s three new
Apple Inc. introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones.
The relatively small changes to its line-up, following last year’s overhauled iPhone X, were widely expected by investors and the company’s shares ended down 1.2 per cent at $221.07.
The strategy has been successful, helping Apple’s stock to rise more than 30 per cent this year and making it the first publicly traded US company to hit a market value of more than $1 trillion.
Apple’s new iPhone XS, pronounced “ten S,” has a 5.8 inch (14.7 cm) screen, and will be sold at a starting price of $999. The XS Max, the largest iPhone to date and one of the biggest on the market, has a 6.5 inch (16.5cm) screen, and will start selling at $1,099.
“They have finally added a larger-screen phone so that they can directly compete with the Galaxy Note9 products,” Gartner analyst Annette Zimmermann said at the event at Apple’s Silicon Valley headquarters, referring to rival Samsung Electronics which has led the trend toward big-screen phones.
“The larger screen will be very important in China to turn around the trend there, because they have lost some share in the last few years, partly because of screen size,” she added.
But the most important handset news of the day was a cheaper version of the iPhone X called the iPhone XR. It has the same basic design as the other phones, but with some key differences. For starters it comes in six different color options: red, blue, yellow, coral, white and black. It also has a 6.1-inch LCD screen with lower pixel density than the other two, an aluminum frame instead of stainless steel and a single rear-facing camera.
The iPhone XS Max’s display size is 26 per cent larger than the previous largest iPhone display, marking it the largest increase in screen size since 2014, wrote analyst Gene Munster of Loup Ventures in a note.
This year’s three top phones are all more expensive than last year’s models.
With two of them starting at $999 or higher in the United States, Apple appears to be taking advantage of a strong US economy, low unemployment, and rising household wealth. The median US household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, government data showed on Wednesday.
Story first Published by By REUTERS