Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Apple to launch three iPhones with new camera features this year - WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 07:59am EST
FILE PHOTO: An Apple store is seen in Zurich

(Reuters) - Apple Inc plans to launch three iPhone models this year with some new camera features, including three rear cameras for the most expensive model and two for the other models, the Wall Street Journal reported on Friday.

The new iPhones will succeed the XR model that has shown sluggish demand, which according to Apple was due to weak sales in China.

That led several electronics retailers in the world's second largest economy to slash iPhone prices this week.

Apple was not available for comment outside regular business hours.

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

Last week, Apple issued its first revenue warning in nearly 12 years, 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 fully switch to the organic light-emitting diode, or OLED, display for iPhones, thereby completely dropping the LCD model, the report said.

Shares of the company was nearly flat in premarket trading.

(Reporting by Gaurika Juneja and Vibhuti Sharma in Bengaluru; Editing by James Emmanuel and Arun Koyyur)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:49aGloomy forecast for Davos - crises aplenty, but few world leaders
RE
06:45aBefore start of new oil pact, OPEC makes progress in averting glut
RE
06:32aMetals Markets Pause as Dollar Holds Flat
DJ
06:30aShell appoints Sawan upstream boss, replacing Brown
RE
06:26aZIMBABWE'S INFLATION SOARS TO 42 PERCENT Y/Y IN DECEMBER : Zimstats
RE
06:23aU.S. Foreclosure Activity at Lowest Level in 13 Years -- Attom Data
DJ
06:15aSome rule changes now on go-slow due to U.S. shutdown
RE
06:14aEU to ensure banks' access to UK clearing houses in no-deal Brexit - ECB
RE
06:05aIrish financial system can withstand 'cliff-edge' Brexit - central bank
RE
05:58aOil slips as U.S. production rises and concern persists over trade
RE
Latest news "Economy & Forex"
Advertisement