Apple unveils iPhone 15 Pro with titanium case, holds line on prices

Apple unveils iPhone 15 Pro with titanium case, holds line on prices

Apple launched a new series of iPhones that included a new titanium shell, a faster chip and improved video game playing abilities.

The biggest surprise with the iPhone 15 that will come out Sept 22: It did not raise prices, reflecting the global smartphone slump.

The event at Apple’s Cupertino, California, headquarters comes amid lingering economic uncertainty, especially in China, Apple’s third-largest market where it faces challenges from expanded restrictions on using its iPhones in government offices and the first new flagship phone in several years from Huawei Technologies.

Huawei raised its second-half shipment target for the new Mate 60 series smartphone, which has satellite capability, by 20 per cent, the country’s official Securities Times reported on Tuesday shortly before the Apple event.

Apple did not deliver any blockbuster surprises, and shares closed down 1.7pc after event.

Apple’s Vision Pro headset that is due out early next year, marketing chief Greg Joswiak said.

The Pro’s use of titanium makes it lighter and stronger than previous models of other metals.

Bob O’Donnell, head of TECHnalysis Research said the steady prices were a surprise.

“I think both Apple and the carriers recognise that with consumers feeling pressure on their budget and the lack of dramatic changes its getting harder to convince people to upgrade. Keeping prices stable should help with that,” he said.

The iPhone 15 costs $799, the iPhone 15 Plus starts at $899 and the Pro series starts at $999. The Pro Max starts at $1,199, the same prices as last year for the same levels of storage. Last year, Apple offered a $1,099 iPhone Pro Max model with less memory.

Apple still relies on iPhone for more than half of its sales, but the global smartphone market has slumped from shipping 294.5 million total phones to 268 million in the second quarter. Apple’s shipments declined the least of any major smartphone maker, dropping from 46.5 million phones to 45.3 million, according to data from Counterpoint Research.

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