Apple announces 'speed' event next week, new iPhones expected

Apple pronounces ‘velocity’ occasion subsequent week, new iPhones anticipated

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Apple Inc mentioned on Tuesday it will maintain a particular occasion on Oct. 13, which most analysts imagine can be used to unveil new iPhones with 5G capabilities.

Apple hinted at new, quicker networking capabilities within the invitation for the occasion, which learn: “Hello, Pace.”

In years previous, Apple has introduced new iPhones in mid-September and began delivery them to clients earlier than the top of the month. Monetary analysts use the variety of weeks that Apple has iPhones on sale to assist mannequin their predictions for the corporate’s monetary outcomes in the course of the vacation buying season in Western markets, usually Apple’s largest gross sales quarter.

This yr, nonetheless, Apple executives had warned buyers that new iPhones weren’t more likely to ship till October. Apple held an occasion in September to introduce new Apple Watch and iPad fashions.

Analysts anticipate Apple to indicate a brand new model of the iPhone with 5G connectivity on the occasion. Analysts have additionally highlighted attainable new AirPods over-ear wi-fi headphones and tags for locating misplaced objects utilizing wi-fi alerts.

Apple shares have soared this yr even because the coronavirus has crippled economies all over the world, thanks largely to booming gross sales of work-from-home objects.

Although Apple inventory has fallen from a document excessive on Sept. 2, it stays close to a $2 trillion inventory market valuation.


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