Apple enters 5G race with new iPhone 12s from 'Mini' to 'Pro Max'
By Stephen Nellis (Reuters) - Apple Inc on Tuesday launched four versions of the iPhone 12 with faster 5G connectivity, starting at $699, which the Cupertino, California company hopes will spur a wave of upgrades and keep its sales booming through the end of the year. The iPhone 12, with a 6.1-inch display, will sell for $799. The phone has flat sides with a flush display, similar to the company's iPhone 5 and a departure from rounded edges in recent years.
By Stephen Nellis
(Reuters) - Apple Inc
The iPhone 12, with a 6.1-inch display, will sell for $799. The phone has flat sides with a flush display, similar to the company's iPhone 5 and a departure from rounded edges in recent years.
Apple also introduced a "Mini" version, which has the same features but a smaller 5.4-inch screen and will sell for $699, as well as a "Pro" version with three cameras starting at $999 and a "Pro Max" starting at $1,099 and going up to $1,399.
The new products will test whether Apple can ride a wave of consumer excitement around 5G wireless data networks, whose speediest variants outstrip their predecessors' data rates multiple times over.
Apple said all iPhone 12 models in the United States will support millimeter wave 5G, the fastest variant of the technology, as well as lower-frequency bands. Some rival Android devices support only the lower-frequency versions of 5G.
Verizon Communications Inc
Shares of Apple fell over 3% during the event, erasing $77 billion worth of stock market value.
Apple may face a lukewarm holiday season due to the coronavirus pandemic, said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
"As the convergence of flu season with COVID and colder weather forces everyone indoors, I think it's going to be harder to sell iPhones this Christmas. As much as Apple is a technology company, it's not known for its online sales, it's known for its in-store experience," Dollarhide said.
In China, the biggest online video platforms, including Tencent Holdings and Bilibili Inc
Pre-orders for the iPhone 12 and iPhone 12 Pro in the United States and some other regions begin Oct. 16 and go on sale Oct. 23. The iPhone Mini and Pro Max will be available for pre-order Nov. 6 and in stores Nov. 13.
Apple also announced a HomePod Mini smart speaker that will cost $99 and be shipped from Nov. 16. Many of the features serve as a catch-up to similar offerings from Amazon.com Inc
The annual launch event is nearly one month later than normal and comes as the coronavirus pandemic has disrupted Apple's well-oiled machine for designing and churning out its biggest-selling product.
The company is in a delicate position of needing to excite consumers with 5G without setting them up for a disappointment: For many of its fans, it will be their first experience with 5G networks, which in the United States remain years away from delivering dramatic speed boosts for most consumers. Some analysts worry Apple will be selling a high-powered sports car while its customers remain confined to sleepy village roadways.
But despite waves of retail store closures and travel bans that delayed the development of the iPhone, Apple's financial results have largely bucked the pandemic.
In July at its most recent earnings, the company posted year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services.
Apple last month launched new watch models with blood oxygen sensors and updated its iPad models. The company has also committed to introducing new Mac computers before year's end based on processors of its own design.
(Reporting by Stephen Nellis in San Francisco; Additional reporting by Noel Randewich; Editing by Lisa Shumaker and Rosalba O'Brien)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.