Money Apple shares take a hit after iPhone X announcement

10:32  14 september  2017
10:32  14 september  2017 Source:

Apple introduces ‘Face ID’ for iPhone X

  Apple introduces ‘Face ID’ for iPhone X Apple today confirmed the iPhone X will feature facial recognition technology dependent upon a new “true depth camera system” including an infrared camera, flood illuminator, dot projector, and proximity sensor. The Face ID feature will work in low light situations and, according to Apple, there’s only a one in a million chance another face (unless you have an evil twin) can unlock your device.Every time you look at your iPhone X it detects your face. The feature will allow users to unlock devices simply by looking at them, essentially letting iPhone owners to use their face as a password.

Apple , which is trying to energise sales in China, could hit a wall selling the pricey new phones there. The 8 and 8 plus start at $US699 and the iPhone X is Apple 's most expensive phone. With AAP.

Apple Inc. shares rose Tuesday after generally positive iPhone X reviews, which noted that the new iPhone took a huge bet in a paradigm shift of new technologies, which may New features not perfect but point to where smartphones are going, reviewers say; stock hits more new highs. Getty Images.

Apple’s ‘AirPower’ will provide wireless charging© Provided by Nine Digital Pty Ltd Apple’s ‘AirPower’ will provide wireless charging Apple stocks fell one percent early yesterday morning as investors reacted to the highly-anticipated launch of several new products including the iPhone 8, 8 Plus and the iPhone X.

The tech giant's stocks had been rallying on a fresh 52-week high until punters learned of delayed delivery times for the iPhone X, which won't be in consumers' hands until late November.

That, combined with the somewhat abrasive price of the iPhone X (here in Australia the 64GB model will set you back $1579 while the 256GB will cost you $1829), caused stocks to fall to $US158.12.

What you need to know about Apple's new iPhone 8

  What you need to know about Apple's new iPhone 8 While there's a whole lot of excitement surrounding Apple's new iPhone X, the tech giant has also unveiled the iPhone 8 and 8 Plus at today's event. It's here: What you need to know about Apple's new iPhone X that unlocks with Face ID The phones have a glass front and back, and will feature wireless charging, Apple confirmed today, using the Qi standard. The new phone will be 64GB, with a 256GB version available too. The price is $699, while the iPhone 8 Plus is out for $799. People can preorder from 15 September and they'll be available from 22 September.

Apple shares had a volatile day as investors reacted to news of the latest iPhone . Picture: GoogleSource:Supplied. And some said traders were just taking profits after the announcement spike.

Although Apple took a hit in the short term by delaying the launch of the iPhone X , the delay will be quickly forgiven if the iPhone X sells as well as Apple expects it to sell. As Sunnebo points out

At 9.10am the stock has rallied slightly to a more agreeable $US159.65.

Despite boasting the most technologically advanced iPhone ever created, it's the classic conundrum of getting the product into customer's hands that saw investors err over the traditionally strong stock.

Unlike the iPhone 8 – which Apple says is ready to ship from September 22 – the iPhone X won't be available until November 3. Just 11 days may seem trivial, but Apple fanboys are certainly hard to please.

Apple typically launches new iPhones in September and a big jump in sales usually follows in the holiday quarter, as users tend to upgrade devices when new phones sport significant design changes.

Apple last saw a significant uptick in sales with the introduction of iPhone 6 in 2015. While the delay of the iPhone X could hurt near-term sales, analysts still think Apple's loyal and hungry fans would lap up the new phone, boosting sales for fiscal 2018.

Brokerage UBS said it continues to estimate 246 million phones in fiscal 2018 - up 15 percent.

Apple, which is trying to energise sales in China, could hit a wall selling the pricey new phones there. The 8 and 8 plus start at $US699 and the iPhone X is Apple's most expensive phone.

With AAP.

Netflix adds HDR support for iPhone 8, iPhone X, and iPad Pro .
Netflix is adding high dynamic range (HDR) support to more mobile devices. Now, thanks to the release of iOS 11, iPhone users suffering from FOMO can get in on the action too. You'll be able to binge watch in Dolby Vision HDR on the newly launched iPhone 8, 8Plus, and the upcoming iPhone X. Along with Apple's new smartphones, iPad Pro (2nd-gen) owners will also receive the bump in picture quality -- that goes for both the 10.5 and 12.9 inch models of the tablet.

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