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Apple unveils larger iPhones, health-oriented watches

Reuters 

By Stephen and Rai

(Reuters) - unveiled larger iPhones and watches based on the design of current models on Wednesday, confirming Wall Street expectations that the company is making only minor changes to its lineup.

The world's most valuable tech company wants users to upgrade to newer, more expensive devices as a way to boost revenue as global demand for levels off. The strategy has helped Apple become the first publicly-traded U.S. company to hit a market value of more than $1 trillion earlier this year.

Its shares were down 1.2 percent on Nasdaq.

Apple uses the 'S' suffix when it upgrades components but leaves the exterior design of a phone the same. Last year's X - pronounced "ten" - represented a major redesign.

The new phones are the XS, with a 5.8-inch (14.7-cm) screen, the larger XS Max, with a 6.5-inch (16.5-cm) screen, and a 6.1-inch Xr made of aluminium, with an edge-to-edge liquid retina display.

Apple, which is looking for ways to lessen reliance on phones for revenue, opened its event by announcing the new Apple Watch Series 4 range with edge-to-edge displays, like its latest phones, which are more than 30 percent bigger than displays on current models.

It is positioning the new watch as a more comprehensive health device, able to detect an irregular heartbeat and start an emergency call automatically if it detects a user falling down, potentially appealing to older customers. It said it had approval for the device from the

The FDA said it worked with Apple to develop apps for the Apple Watch. The agency said it has been taking steps to ease the regulatory pathway for companies seeking to create

Shares of rival fell about 3.7 percent after the Series 4 announcement. Shares of lost some earlier gains and were flat in midday trade.

Executives made the announcement at the Steve Jobs Theater at Apple's new circular headquarters in Cupertino, California, named after the company's who wowed the world with the first in 2007.

"There's no real game-changer on the table," said Hal Eddins, at Apple "It's a matter of getting people to keep moving up."

The company is also expected to unveil a new version of its wireless AirPods earbuds with wireless charging and a that will be able to charge several devices at once.

(Reporting by Rai in Bengaluru and Stephen in San Francisco; Aditional reporting by in Bengaluru, Nadine Schimroszik in Berlin and Yasmeen Abutaleb in Washington; Writing by Bill Rigby; Editing by and Nick Zieminski)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, September 13 2018. 00:05 IST
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