Apple on Tuesday unveiled a new iPhone 13 and 13 mini with great screens to lure customers into 5G plans, announcing updates to its iPads and watches.
The Series 7 Smart Watch features a bigger display and faster charging. It will start at $399 and will be available later this autumn.
The company has updated its iPad mini with 5G connectivity and a new design that makes it more like the higher-end iPad Air and Pro models. Apple updated its base-model iPad with a new camera for working and learning from home. The base model iPad starts at $329, and the Mini starts at $499. Both will be available next week.
Apple’s shares were down 0.6 percent, with a slight decline in broader markets.
Apple introduced its iPhone 12 last year, with a facelift and as its first device with 5G connectivity. This year, analysts expect minor hardware upgrades and a greater focus on 5G.
In particular, carriers such as AT&T Inc., Verizon Communications and T-Mobile that have built up their networks since the beginning of this year are likely to offer new incentives around devices that take advantage of those networks’ faster speeds. can pick up. said Ben Bajarin, head of consumer technologies at creative strategies.
“There appears to be far more (5G network capacity) than there was six months ago,” Bajrin said. “They want people to upgrade. They’re going to be really aggressive.”
Apple’s biggest product launch of the year comes as some of the shine has come from its stock as business practices such as charging software developers commissions on in-app payments have come under regulatory scrutiny.
Apple’s shares were up about 15.6 percent to date, beating the Nasdaq Composite Index, which was up about 19 percent over the same period.
The Apple Watch has become a cornerstone of its $30.6 billion accessories segment, which was up 25 percent in Apple’s most recent fiscal year, while its iPhone revenue declined slightly. Analysts widely believe that Apple users who buy more than one product — such as the Apple Watch and iPhone — are more likely to stay with the brand and spend on the company’s apps and services.
Apple focused on fitness features like how the watch tracks dust protection for cycling workouts and hiking. The watch is paired with Apple Fitness+, a paid service that offers guided workouts with Apple trainers. The company added Pilates and skiing-oriented workouts, and a group workout function designed for users to work out together. The company has also given three months of free service with its watch devices.
Shares of exercise bike and online training company Peloton were down about 1.6 percent.
“It’s a service they provide where you literally need to have this product or you can’t use this service,” Bajarin said.
by Stephen Nellis
This News Originally From – The Epoch Times