Wednesday, 7 October 2020

Apple announces 'speed' event next week, new iPhones expected

(Reuters) - Apple Inc <AAPL.O> said on Tuesday it would hold a special event on Oct. 13, which most analysts believe will be used to unveil new iPhones with 5G capabilities.
Apple hinted at new, faster networking capabilities in the invitation for the event, which read: "Hi, Speed."
In years past, Apple has announced new iPhones in mid-September and started shipping them to customers before the end of the month. Financial analysts use the number of weeks that Apple has iPhones on sale to help model their predictions for the company's financial results during the holiday shopping season in Western markets, typically Apple's largest sales quarter.
This year, however, Apple executives had warned investors that new iPhones were not likely to ship until October. Apple held an event in September to introduce new Apple Watch and iPad models.
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