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

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01/12/2019 | 04:19am EST

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) BusinessReport 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 260 B
EBIT 2019 65 588 M
Net income 2019 55 581 M
Finance 2019 100 B
Yield 2019 1,99%
P/E ratio 2019 12,83
P/E ratio 2020 11,37
EV / Sales 2019 2,44x
EV / Sales 2020 2,39x
Capitalization 735 B
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Number of Analysts 41
Average target price 182 $
Spread / Average Target 17%
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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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