Business Standard

Apple to expand iPhone X design with new colours, big screens

- BLOOMBERG

Apple is not only doubling down on the iPhone X, it’s tripling down.

The world’s most valuable company plans to launch three new phones soon that keep the edge-toedge screen design of last year’s flagship, according to people familiar with the matter. The devices will boast a wider range of prices, features and sizes to increase their appeal, said the people, who asked not to be identified discussing unannounce­d products.

However, none of the three iPhones will be wholly new designs like the iPhone X was last year or the iPhone 6 in 2014, with some inside Apple labeling the launch as an “S year,” a designatio­n the company has given to new handsets that retain the previous design but add new internal features. The company is planning more significan­t changes for next year, they added.

The iPhone X wasn’t as big a hit as some Wall Street analysts hoped for before it was released last November. However, it still sold strongly and helped Apple gain share in a smartphone market that has almost stopped growing.

The upcoming phones, planned to be unveiled in September, show the company is adjusting its strategy. Rather than luring millions of new iPhone users, Apple’s goal these days is to steadily raise average prices, while expanding the total number of active devices to support sales of accessorie­s and digital services like streaming music and video.

“The iPhone is entering a period of 0-to-5 per cent annual growth, and the things they’re doing this fall will keep them on that path,” said Gene Munster, a veteran Apple analyst and managing partner of Loup Ventures. The “real sizzle” for investors remains the iPhone because it’s the hub for almost all Apple’s other offerings like the Apple Watch, AirPods, and Apple Music, Munster added. Apple spokeswoma­n Trudy Muller declined to comment.

Apple shares gained less than 1 percent to $217.24 at 9.37 am in New York (7.07 pm IST). The stock gained 35 per cent this year through Friday’s close.

 ?? PHOTO: REUTERS ?? New iPhone devices will boast of a wider range of prices, features and sizes
PHOTO: REUTERS New iPhone devices will boast of a wider range of prices, features and sizes

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