Apple releases budget iPhone SE priced at $399 as coronavirus stalls economy [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Apple releases budget iPhone SE priced at $399 as coronavirus stalls economy Apple shares fell 1.1%, less than the 2.8% decline of the S&P 500 index. CHINA STRINGER NETWORK/Reuters Apple shares fell 1.1%, less than the 2.8% decline of the S&P 500 index. Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy. The lower-cost model could also attract more consumers to Apple services, a growing driver of revenue. Shares of Apple fell 1.1%, less than the 2.8% decline of the S&P 500 index. The iPhone SE, available April 24, is the second generation of a previous value model. It will start at $50 less than what was previously the cheapest iPhone available, the $449 iPhone 8, which will be retired. The SE comes with a 4.7-inch display and the same processor chip as Apple’s most advanced phone, the 11 Pro. The SE l
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