Apple Unveils Two New iPhone Versions
The iPhone 5s comes in black, white, or gold, and basically looks like its predecessor, the iPhone 5. Notable internal differences include an improved A7 processor, a camera with improved flash and more features, and a fingerprint scanner for security. Pricing begins at $199 for 16 GB of storage with a wireless contract, $199 for 32 GB, and $399 for 64 GB.
The iPhone 5c sheds the aluminum case worn by the iPhone 5s in favor of a plastic, customizable shell. Users can choose from five colors: blue, green, pink, yellow, and white. With a contract, this model will be available for $99 with 16 GB of storage or $199 for 32 GB.
Although the phones will not be available until September 20, investors seemed unimpressed by the announcements, with stock that dropped nearly three percent. However, not all investors backed away from Apple; billionaire investor Carl Icahn said he bought “quite a bit” of shares as the stock fell. Icahn told CNBC that adding to his Apple holding was a “no brainer” because “it’s just extremely cheap… They’re one of the best brands. They are building revenue.”
Apple will roll out the latest version of its mobile software, iOS 7, before releasing the new phones.