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Apple : plans to launch three new iPhone models this year - WSJ

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01/12/2019 | 05:08am EDT

INTERNATIONAL - Apple plans to launch three new iPhone models this year, including one with an LCD screen, to succeed its struggling XR model, the Wall Street Journal reported on Friday.

The iPhone maker also intends to introduce new camera features, the report said, citing people familiar with the matter.

Apple was not immediately available for comment outside regular business hours.

The Cupertino, California-based company has decided to stick with liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, the report said.

Last week, Apple issued its first revenue warning in nearly 12 years, citing poor Chinese demand, sending its shares down 10 percent, their biggest intra-day fall in six years.

Apple plans to continue with LCD model as the device has been in the production pipeline for months, the report said.

However, for 2020, Apple will completely switch to the organic light-emitting diode, or OLED, display for iPhones, thereby completely dropping the LCD model, the report said.

Reuters

(c) Pretoria News 1999 - 2019 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 255 B
EBIT 2019 62 765 M
Net income 2019 53 048 M
Finance 2019 103 B
Yield 2019 1,58%
P/E ratio 2019 17,12
P/E ratio 2020 15,30
EV / Sales 2019 3,20x
EV / Sales 2020 3,15x
Capitalization 920 B
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Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 184 $
Spread / Average Target -5,6%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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