Apple stock could get a boost !!
Apple has launched a new iPhone 11 which starts at $699 and is replacing a phone that started at $749 – the price decrease gives Apple a new way of connecting customers to products. Keep in mind that iPhone sales peaked in 2015 and have not gained that lost ground since.
Apple releases these products every year before the holiday season since 2011 and it is clear this year that the new announcement is not about features on the product but it price. The number of units sold, as we have reported on this platform is not released to the public – Apple stopped this reporting, which received a lot of protests from analysts.
The iPhone 11 has a better camera and a better processor – with a lower price that catches the eye. Note that the iPhone Pro is still in the $1,000 range, which makes this new 11 look very attractive as many buyers do not need all the added functions, bells and whistles.