Apple announces ‘speed’ event next week, with new iPhones expected

Apple

Apple has said  it would hold a special event on the 13th of October, which analysts believe will be used to unveil new iPhones with 5G capacities.

Apple hinted at brand new, faster networking capacities in the invitation for the event, which read, “Hi, Speed.”

Financial analysts use the number of months that Apple has iPhones on sale to assist model their predictions for the company’s financial results during the holiday shopping season in Western economies, generally Apple’s largest sales quarter.

This year, however, Apple executives had cautioned investors that new iPhones weren’t likely to ship until October. Apple held an event in September to present new Apple Watch and iPad models.

Analysts expect Apple Inc to demonstrate a new variant of the iPhone with 5G connectivity. Analysts have also highlighted potential new AirPods over-ear wireless headphones and tags for finding lost items using wireless signals.

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Apple shares have jumped this year as the coronavirus has crippled markets around the world, thanks in large part to profitable sales of work-from-home items.

Though Apple stock has dropped from a record high on the 2nd of September, it remains near an incredible $2 trillion stock market valuation.

The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our official content partners at Thomson Reuters. Reporting by Stephen Nellis in San Francisco. Editing by Matthew Lewis.

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