Are Apple's Newest iPhones a Hit?
For the most part, the new iPhones Apple (NASDAQ: AAPL) launched last week had the specs that the ever-active Apple rumor mill had predicted. Nevertheless, investors don't seem disappointed with the company's latest round of products. Shares are up nearly 2% since the product-launch event; during this same time frame, the S&P 500 is up less than 1 percent.
Part of the Street's approval of the company's latest iPhones likely has to do with pricing. The new phones were priced more aggressively than expected, with the entry-level iPhone 11 starting at $50 less than what the iPhone XR cost. Furthermore, the one-year-old iPhone XR received a $150 price cut.
But are incremental updates, with a particular focus on improved cameras, enough to please consumers? Early reviews and one well-regarded analyst's forecast of iPhone pre-orders suggest Apple may have made the right moves.
Source Fool.com
