As expected, at its “Hi, Speed” event Apple (AAPL) debuted its several new 5G iPhone models, expanded its iPhone lineup from as low as $399 to a high as $1099, and introduced a new device, the HomePod Mini. Along with the new products, CEO Tim Cook continued to reinforce the company’s commitment to privacy, calling out how the feature is intrinsic within each device. But the item that caught our attention was the special offers that were announced by mobile carriers for Apple’s new iPhone models.
Early on in the event, Hans Vestberg, Chairman and CEO of Verizon (VZ) appeared to discuss his company’s 5G nationwide network and 5G Ultra-Wideband offering, including a focus on network capacity in stadiums, airports, and music venues – if anyone can remember what those are. Investors were apparently impressed by what Vestberg had to say as his company’s share price, having dropped over
Apple AAPL is set to host an online event on Oct 13 where it is reportedly set to unveil new iPhones, including those supporting 5G.
Markedly, Apple guided during its third-quarter fiscal 2020 earnings call that sale of new iPhones will begin a few weeks later against the usual late-September release attributed to supply-chain issues caused by the coronavirus pandemic.
Apple has been speculated to launch four new iPhone models that include two cheaper iPhone 12 models at 5.4 inches and 6.1 inches, and two iPhone 12 Pro models with 6.1-inch and 6.7-inch screens. Notably, the 5.4-inch phone will be the smallest iPhone since the iPhone SE was released in 2016 and the 6.7-inch model is the biggest ever.
Per a Bloomberg report in April, the iPhone 12 Pro models are expected to have three cameras and new 3D LIDAR sensors that help with augmented-reality applications. The upcoming iPhones are
When it comes to innovation, there are few companies that can compete with Apple (NASDAQ:AAPL). The tech giant’s ability to incorporate novel technology in its products has made the company’s stock one of the most popular investments on the market. AAPL stock currently makes up 6.7% of the S&P 500 which is a huge feat for a company of its size.
Hence, it comes as no surprise that investors weren’t too pleased when the company’s big product unveiling last week did not feature a new iPhone. The hype around 5G had many investors and buyers hoping for the release of Apple’s new iPhone that incorporates this technology. But the company known for its “one more thing” moments during product reveals, left investors yearning for more.
AAPL stock did see a decline in its share price following the event