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15 Sept 2021

Apple Stocks Declined after its New IPhone 13 California Launch

The Index Today

On Tuesday, Apple Inc. revealed its latest iPhone 13 at the California Streaming launch event in Cupertino. The new phone will be available in five different colors and will include a dual camera system and OLED screen display.
The phone will also include an A15 bionic chip and 5G connectivity with an additional two hour extra battery life. The price for iPhone 13 has been listed at $799.
On the other hand, the iPhone 13 pro has been listed at $699 and will be released together. The pro will have an extra battery life of approximately 90 minutes compared to its previous version.
The corporation will introduce latest versions for its popular iPad tablet that comes with a faster A13 bionic chip and a new series of its Apple watch. Apple CEO, Tim Cook, stated, “We are so excited for iPhone 13. For all its power and capability, we can’t wait to see what our users can do with it.”
The IPad will come with an extra wide 12 mega-pixel camera and will include a feature called the “true tone” technology which is usually found in Mac computers. This tablet will have the new operating system, iOS 15 and will listed at a price of $329 whereas the IPad mini will have a starting price of $499 with a liquid retina display and 5G connectivity.
Immediately after the launch, Apple shares fell 1.5% in the afternoon at $147.29 each. According to reports, IPhone revenues grew 49.8% to $39.57 billion from last year.
The launch came just after the corporation went through a security mishap linked to Israeli cyber surveillance which pointed to the possibility of remote hacking of its phone.

Clay pottery with table linens