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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple : Top announcements from Apple event

09/14/2021 | 06:40pm EDT
Apple CEO Tim Cook showcases the advanced camera system on the new iPhone 13 Pro

(Reuters) - Apple Inc on Tuesday launched a new series of iPhones and iPads, featuring a faster processor and better cameras.

Launching the products at a virtual event, Apple priced its smartphones at between $399 for iPhone SE, $799 for iPhone 13 and $1,099 for iPhone Pro Max.

Here are five key announcements from the event:

IPHONE 13

The latest iPhone 13 comes with a new A15 Bionic processor, larger battery, more storage and new camera features.

The latest version will start at $799, the same price as its predecessor, and doubles the entry-level storage at 128GB. Its mini version will start at $699. The iPhone 13 is expected to last two and half times longer than the iPhone 12 on a single charge.

FASTER CHIP

The new 5-nanometer technology - deemed to be the fastest chip in a smartphone - features a new 5-core GPU in the Pro lineup that brings the fastest graphics performance in any smartphone. It is 30-50% faster than the leading competition, Apple said, improving quality for video apps, gaming, and the new camera features.

PRO AND MAX

The iPhone 13 Pro and Pro Max have new camera systems and include an upgraded ultra-wide camera with improved aperture, making snapping pictures in low-light conditions better.

The iPhone 13 Pro starts at $999 and the Pro Max starts at $1,099. All three models will be available Sept. 24.

The models will be available in four colors including graphite, gold, silver, and sierra blue with storage options of 128GB, 256GB, 512GB, and new 1TB.

APPLE WATCH

The latest Apple Watch is redesigned to have a larger display, with softer and more rounded corners. The borders are 40% thinner, compared with Series 6.

Fitness plus, a key feature on Apple Watches, adds new programs such as pilates and meditation as well as snow season and support group workouts.

The Series 7 starts at $399 and will be available this autumn.

IPAD MINI

The new iPad Mini will be equipped with an A15 bionic chip, 5G mobile technology and a USB-C port. The redesigned Mini will be thinner, have an edge-to-edge screen with a liquid Retina display and come in four new colors.

It will also feature Center Stage, a feature that adjusts the front-facing camera during FaceTime video calls that was previously available on the Pro version. The mini starts at $499.

Its larger sibling, iPad, will be powered by an A13 bionic chip and include the Center Stage feature to target those working from home or attending classes online. The regular iPad's price starts at $329.

(This story corrects iPhone 13 price to $799 from $699 and Pro Max price to 1,099 from $999 in paragraph 2)

(Reporting by Nivedita Balu and Akanksha Rana in Bengaluru; Editing by Tomasz Janowski and Anil D'Silva)


ę Reuters 2021
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 853 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 25,7x
Yield 2021 0,60%
Capitalization 2 371 B 2 371 B -
EV / Sales 2021 6,26x
EV / Sales 2022 6,05x
Nbr of Employees 147 000
Free-Float 99,0%
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Technical analysis trends APPLE INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 44
Last Close Price 143,43 $
Average target price 165,36 $
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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