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Apple releases budget-conscious US$399 iPhone SE as coronavirus stalls economy [Toronto Globe and Mail (Ontario, Canada)]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Apple releases budget-conscious US$399 iPhone SE as coronavirus stalls economy Apple released a smaller iPhone priced at US$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. Reuters Apple Inc on Wednesday released a smaller iPhone priced at US$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 0.8 per cent, less than the 2.1 per cent decline of the S&P 500 index. Apple will start taking orders for the phone on its website on Friday, with delivery of devices expected to start April 24. The iPhone SE will start at US$50 less than what was previously the cheapest iPhone available, the iPhone 8, which will be retired. T Show less Read more
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