Apple launched its next-generation iPhone 12, with faster 5G connectivity that the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year $AAPL
He said Apple may be setting some customers up for disappointment when phones ship but offer only modest speed increases until carriers build out networks.Verizon Communications Inc CEO Hans Vestberg appeared on Apple’s livestream presentation to announce that the phones would work with the carrier’s ‘ultrawideband’ 5G network, designed to alleviate bottlenecks in major cities like New York and Los Angeles, as well as in crowded areas like NFL stadiums.
“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.Shares of Apple fell over 3% during the event, erasing $77 billion worth of stock market value.
But Ben Bajarin, principal analyst for consumer market intelligence at research firm Creative Strategies, said Apple had fleshed out its vision for how its devices could interact more directly with its own speakers than rivals had. For example, Apple customers can speak into their iPhone or iPad to use the HomePod Minis like an intercom system.
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