Sections

ideals
Business Essentials for Professionals



Companies
08/09/2022

Apple Provides A Satellite SOS iPhone, An Adventure Watch, And Stable Prices




Apple Provides A Satellite SOS iPhone, An Adventure Watch, And Stable Prices
During its largest product release of the year, Apple Inc. avoided raising the prices of its most popular iPhone models by focusing on safety enhancements rather than glitzy new technical features, with the exception of a new watch designed with adventure in mind.
 
In order to make its products more appealing, the iPhone manufacturer turned to safety features like the capability to spot a car accident and call for help from a remote mountaintop. With a safety net, Apple positioned itself as the brand that would enable users to pursue excitement and adventure.
 
According to Ben Bajarin, head of consumer technologies at Creative Strategies, such intangible features "are the things that make you not just want the products for yourself, but also for loved ones."
 
"Ultimately, the increased emphasis on safety - safety as a service - is super interesting as a value proposition."
 
Only the iPhone Pro lineup received an upgrade to a brand-new processor chip, while the iPhone lineup that accounts for half of Apple's sales received improvements to cameras and battery life.
 
The premium iPhone 14s is priced the same as the iPhone 13 models from the previous year. However, Apple no longer offers the iPhone Mini, making its entry-level model $100 more expensive than it was the year before.
 
Starting on September 9, preorders for the iPhone 14 will be accepted, with the price of the iPhone 14 Plus starting at $899. The iPhone Pro and iPhone Pro Max will both cost $999 and be available on September 16 for purchase.
 
"They decided to essentially maintain pricing despite inflationary pressure," said D.A. Davidson analyst Tom Forte.
 
In addition, price increases have been postponed by T-Mobile and Nintendo.
 
According to Apple, emergency responders will be able to use the satellite SOS feature. Users will be able to share their location via satellite using the FindMy app when there is no other connectivity, the company added.
 
The service will be free for two years with the iPhone 14. What would occur following that period was left unclear by Apple. After Globalstar Inc. announced it would be the satellite operator for Apple's emergency SOS service, the company's shares increased 20 per cent on Wednesday.
 
A new Watch Ultra model targeted at extreme sports and diving was also unveiled by the Cupertino, California-based company. It was created to compete with other sportswatch experts like Garmin and Polar.
 
"Apple is competing for a consumer segment that already has high loyalty towards their existing products and vendors, and it will need to prove itself over time," said Runar Bjorhovde, an analyst at Canalys.
 
The $799 Ultra watch offers better waterproofing, temperature resistance, and GPS tracking for sports, as well as a larger battery to last throughout events like triathlons.
 
The new iPhones and all watches, including the updated, less expensive SE model and the Series 8 with the same price as last year, will be able to recognize when a user has been in a serious auto accident and call emergency services.
 
A temperature sensor on the new Series 8 watch can detect ovulation in the past. The business emphasized the cycle tracking system's privacy-friendly design.
 
Privacy and reproductive health data has become a focus for tech companies in the wake of a U.S. In the United States, a constitutional right to abortion was eliminated by a Supreme Court decision.
 
Although accessories like the Apple Watch have increased sales from Apple's current customer base, the iPhone continues to be the company's most important product category, accounting for 52.4% of sales in its most recent fiscal year. This has investors wondering what, if anything, will be the company's next big product category.
 
Analysts anticipate that category to include a mixed reality headset, which might hit the market as early as next year, but on Wednesday, Apple made no references to such potential products.
 
(Source:www.economictimes.com)

Christopher J. Mitchell

Markets | Companies | M&A | Innovation | People | Management | Lifestyle | World | Misc